Costa Mesa surfwear maker Volcom Inc.’s initial public offering could be on tap for next week.
Volcom filed to go public earlier this year and priced its shares a week ago. They could start trading sometime next week, according to Renaissance Capital Corp.’s IPOHome Web site.
Volcom plans to sell 4.2 million shares at $15 to $17, barring a repricing before the offering.
The company could raise $63 million to $71 million.
Shareholders plan to sell another 500,000 shares, according to a filing with the Securities and Exchange Commission.
Based on the midpoint of Volcom’s pricing, the company could have an initial market value of $373 million.
Volcom designs edgy clothes for surfers, skaters and wannabes alike. It is set to join a select group of publicly traded surfwear makers, including industry leader Quiksilver Inc. of Huntington Beach and Irvine’s Billabong USA, whose parent Billabong International Ltd. is publicly traded in its native Australia.
Most other surfwear makers are small and privately owned or have been sucked up in a wave of recent acquisitions by big apparel makers such as Nike Inc., Warnaco Group Inc. and VF Corp.
