Dollar General IPO Set At $21 Per Share

The company plans to use its estimated $445.2 million in proceeds to pay down debt.

Dollar General's offering is the latest in an uptick in IPOs after the market nearly dried up last year. There were only 43 companies completing IPOs in 2008, the slowest year for IPOs in more than 20 years.

Investors shied away from the potentially risky investments but confidence has grown and to date, 48 companies have raised $20.9 billion this year, IPOScoop founder John Fitzgibbon said.

Other notable deals include Hyatt Hotels, Dole Foods and teen retailer Rue21, which is also expected to price its shares Thursday night.

Dollar General will trade on the New York Stock Exchange under the "DG" ticker.

Citi, Goldman, Sachs & Co. and KKR, along with BofA Merrill Lynch and J.P. Morgan, are serving as joint book running managers for the offering, with Barclays Capital, Wells Fargo Securities, Deutsche Bank Securities and HSBC acting as co-managers.