GNC planning $350 mil offering (Investor's Business Daily)

Investor's Business Daily - The retail vitamin company, which has backed away from going public twice before, disclosed in an SEC filing that it plans an IPO of $350 mil. GNC didn't disclose the number of shares it will offer or a possible price range for its stock. GNC's net income was $69.5 mil and revenue $1.71 bil last year. GNC intends to use the money to fund a growth plan that includes increasing the size of its stores, expanding into foreign markets and bolstering its e-commerce business.