Advanced Marketing Files for Initial Offering

Advanced Marketing Services Inc. has filed with the Securities and Exchange Commission for an initial public offering of 1.3 million shares priced at $10 to $12 per share, the company said.

One million shares are to be sold by the company and 375,000 shares would be sold by existing shareholders. The offering will be co-managed by Alex. Brown & Sons Inc. and Montgomery Securities.

The San Diego-based company supplies "general interest books to membership warehouse clubs," according to a company spokesman.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
61°