NEW YORK--FGX International Holdings, parent company of the FosterGrant, Quantum Optics and Magnivision eyewear lines, plans an initial public offering expected to raise about $91 million after expenses, according to a filing by the company yesterday with the Securities and Exchange Commission.

In the filing, FGX said the IPO of about 8.4 million shares is expected to be priced at between $14 and $16 per share. The stock will be listed on the Nasdaq Exchange under the symbol FGXI.

FGX plans to sell about 6.7 million shares; another 1.7 million shares will be sold by a group of its current stockholders, including primary shareholder Berggruen Holdings North America.

The company said the proceeds from the stock sale will be used to repay debt.
According to the filing, in the six months ended June 30 FGX’s net sales rose to $123.8 million, up from $96.5 million in 2006’s first half. Income for the period was $3.4 million, vs. a net loss of $4.3 million in the first six months of last year.