When National Vision Went Public: A Milestone Achievement

National Vision

National Vision Holdings, Inc. made a significant announcement on October 25, 2017. After careful preparation and anticipation, the company successfully priced its initial public offering of 15,800,000 shares of common stock at $22.00 per share. This move marked a turning point in the company’s history, as it transitioned from a private entity to a publicly traded company.

A New Era Begins


As the NASDAQ Global Select Market welcomed National Vision’s common stock on October 26, 2017, with the trading symbol “EYE,” the world witnessed the company’s bold step into the public realm. National Vision had established itself as one of the largest optical retail companies in the United States, with 996 retail stores and 19 consumer websites as of September 30, 2017. The company’s reputation and expertise in the industry positioned them for success as a publicly traded entity.

Advancing Eyecare Solutions

National Vision offers a wide range of products and services through its five distinct brands: America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Walmart stores, and Vista Optical locations inside Fred Meyer stores and select military bases. With a commitment to providing exceptional eyecare solutions, National Vision continues to revolutionize the optical retail landscape.

The Journey Ahead


By entering the public market, National Vision received net proceeds of approximately $322.4 million after deducting underwriting discounts, commissions, and estimated offering expenses. These funds enabled the company to take strategic actions to enhance its business operations. National Vision’s primary plan was to utilize the net proceeds to repay outstanding term loans, strengthening its financial position. The company had a clear vision for the future, with a focus on general corporate purposes and the payment of interest on the term loans.

See also  Why Does Flossing Cause Tooth Pain?

An Admirable Team Effort


To ensure a seamless transition into the public market, National Vision enlisted the support of esteemed financial institutions. BofA Merrill Lynch, Goldman Sachs & Co. LLC, Citigroup, and KKR Capital Markets served as the joint bookrunning managers for the offering. Additionally, Morgan Stanley, Jefferies, UBS Investment Bank, and Wells Fargo Securities acted as bookrunners for the offering, while Guggenheim Securities, Mizuho Securities, and Macquarie Capital were the co-managers.

Looking Ahead with Confidence

Optical Retail

As National Vision embraced its new status as a publicly traded company, the future held great promise. The company’s commitment to excellence, innovation, and customer satisfaction positioned them as a leading force in the optical retail industry. With a strong foundation of expertise, authoritativeness, trustworthiness, and experience, National Vision aimed to further expand its reach and deliver exceptional eyecare solutions to even more customers.

To learn more about National Vision and its journey to becoming a publicly traded company, visit 5 WS.

The 5 Ws and H are questions whose answers are considered basic in information gathering or problem solving. 5ws.wiki will best answer all your questions

Related Posts

What It Means When a Deer Stomps Its Feet

Like many animals, deer have their own unique ways of communicating without words. The way they move, stand, and behave serves as a language to communicate with…

Do Sneezes Really Kill Brain Cells?

Sneezing is a natural bodily function that helps to expel irritants from our respiratory system. We’ve all heard the age-old myth that sneezing can kill brain cells,…

What to Do When a Client Shuts Down in Therapy

Therapists encounter various challenges when working with couples, but one of the most difficult is engaging a distant, emotionally shutdown partner. It can be more challenging to…

What to Avoid Eating When Taking Metformin

Metformin is a commonly prescribed medication for type 2 diabetes. It helps regulate blood sugar levels and enhances the body’s response to insulin. While taking metformin, it’s…

When Did Chick Fil A Add A K

When Did Chick Fil A Add A K

Chick-fil-A: the beloved American fast-food chain known for its mouthwatering chicken sandwiches. But wait, do you remember the name as Chic-Fil-A or Chic-fil-A? It seems that some…

Accidentally Killing Someone: Understanding the Legal Consequences

Accidentally Killing Someone: Understanding the Legal Consequences

Being responsible for the death of another person is a horrific burden to bear. But what happens when it’s an accident? Take, for example, the case of…