Cabela’s Plans to Raise $230 Million in IPO

Three companies filed papers with federal regulators for public stock offerings, including outdoor gear marketer Cabela’s Inc.

In filings with the Securities and Exchange Commission on Tuesday, Nebraska-based Cabela’s said it expected its initial public offering to raise $230 million, which it would use to open new stores. Cabela’s shares would trade on the New York Stock Exchange under the symbol CAB.

Cabela’s had $51 million in net income in fiscal 2003 on $1.4 billion in revenue in fiscal 2003, the filing said.

Software company Brightmail Inc. registered for an IPO of as much as $80 million in common stock, according to an SEC filing.

The San Francisco-based company makes electronic messaging security software.

Shopping.com Ltd., which runs consumer-services websites, filed for an IPO valued at an estimated $75 million. The firm, which is based in Israel and has its U.S. office in Brisbane, Calif., derives revenue from referral fees from merchants who get customers via its websites.

It said it expected to provide additional financial data in future filings.