Liberty Tax Service’s parent company, JTH Holding Inc., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering.
The number of shares of Class A common stock to be offered in the proposed IPO has not yet been determined, the company said last Friday. A portion of the shares will be issued and sold by Liberty Tax, which is officially known as JTH Tax but does business as Liberty Tax Service, and a portion will be sold by certain stockholders of Liberty Tax.
The Virginia Beach, Va.-based company was founded by John T. Hewitt, who earlier founded Jackson Hewitt, making him the originator of two of the top three tax prep chains. Liberty Tax Services now has nearly 3,900 offices across the country.
The book-running managers of the proposed IPO will be Jefferies & Co. Inc. and SunTrust Robinson Humphrey Inc. The offering will be made only by means of a prospectus.
The registration statement for the Liberty Tax securities has been filed with the SEC, but has not yet become effective, the company noted. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
