American Tire Distributors Holdings Inc. is planning an initial public offering of its common stock, the company announced Friday.

The Charlotte, N.C.-based company plans to trade on the New York Stock Exchange under the symbol ATD.

The number of shares to be offered and the price range for the shares have not yet been determined.

ATD expects to raise about $230 million, according to a filing with the U.S. Securities and Exchange Commission. That figure was submitted for the purpose of calculating the IPO registration fee, and could change as the deal comes closer to market.

BofA Merrill Lynch and Deutsche Bank Securities will serve as joint book-running managers for the IPO.

With a network of 83 distribution centers serving 37 states, ATD is the largest replacement tire distributor in the U.S.