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THE GYMBOREE CORPORATION ANNOUNCES FILING FOR INITIAL PUBLIC OFFERING OF COMMON STOCK

 BURLINGAME, Calif., Feb. 18 /PRNewswire/ -- The Gymboree Corporation announced the filing of a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of 1,925,000 shares of common stock, 1,125,000 of which are to be sold by the company and 800,000 of which are to be sold by certain current stockholders. It is currently anticipated that the initial public offering price will be between $13 and $15 per share. The company plans to use the proceeds from the offering to finance the opening of additional stores, to increase working capital and for general corporate purposes. The shares will be offered by an underwriting group managed by Goldman, Sachs & Co. and Montgomery Securities.
 The Gymboree Corporation is a leading specialty retailer of high quality apparel and accessories for children ages newborn to six years old. The company also operates directed parent-child developmental play programs at approximately 350 franchised locations.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 -0- 2/18/93
 /CONTACT: Donald S. Cohn, president and chief executive officer, or James P. Curley, senior vice president and chief financial officer of The Gymboree Corporation, 415-579-0600/


CO: The Gymboree Corporation ST: California IN: SU: OFR

SH -- NY020 -- 7744 02/18/93 09:45 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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