Headlines

Optical Retailer Opens 1,000th Store As It Seeks to Raise $300M+

Published

7 years ago

October 26, 2017

The company is in the middle of an IPO.

DULUTH, GA — National Vision Holdings Inc. has opened its 1,000th retail location.

Located in the Western Plaza shopping center at 1713 S. Western Avenue in Los Angeles, CA, the store is part of the company’s America’s Best Contacts & Eyeglasses brand. A grand opening event is being planned for later in the year.

“I am incredibly proud of our National Vision team for achieving such a tremendous milestone – 1,000 retail locations!” said Reade Fahs, CEO of National Vision. “When I think about this moment, I think about all the milestones along the way: the millions of customers served, the thousands of new jobs created, the optometrists that have made a career working with us, and the lives that have been impacted by bringing affordable and accessible eye care and eyewear to people all over in need.”

The milestone comes as the company seeks to raise more than $300 million in an initial public offering. Shares of National Vision’s common stock began trading on the NASDAQ Global Select Market on Oct. 26 under the symbol “EYE,” with the offering expected to close on Oct. 30, subject to customary closing conditions.

The company priced the 15.8 million-share IPO at $22 per share.

National Vision noted in a press release that it has opened more than 500 stores over the past 10 years and created more than 5,000 jobs.

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