12:43 pm Party City (PRTY)
Party City (PRTY), the largest retailer of party goods in North America, made its IPO debut today. It priced at $17, at the high end of its expected range. Let's take a closer look.
In case you're not familiar, Party City is the largest party goods retailer in North America. With approximately 900 party superstores (860 in the US, 40 in Canada), it has the only coast-to-coast network of party superstores in the US and Canada. Party City employs an owned/franchised hybrid model but most are company-owned.
The 2005 combination of Amscan Holdings, …More
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