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GNC Pops in First Day of Trading

NEW YORK ( TheStreet) -- GNC (GNC - Get Report) jumped 3.4% in its first day of trading on Friday after it priced its initial public offering in-line with expectations.

The retailer, which sells wellness and nutrition products at 7,200 stores and online, sold 22.5 million shares at $16 each, for a deal valued at $360 million.

In 2010, GNC earned $97 million on revenue of $1.82 billion.

GNC competes directly with publicly traded Vitamin Shoppe (VSI - Get Report), which completed its IPO in October 2009.

Already this year the retail sector has seen IPOs from designer Vera Bradley (VRA - Get Report) and men's apparel maker, Zuoan Fashion (ZA - Get Report).

Toys 'R' Us is expected to issue its own public offering, which could be worth up to $800 million, this year.

--Written by Jeanine Poggi in New York.



>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to http://twitter.com/jpoggi.

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SYM TRADE IT LAST %CHG
ZA $0.78 0.00%
GNC $45.27 0.00%
VRA $15.02 0.00%
VSI $38.58 0.00%
AAPL $124.75 0.00%

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