Electronics retailer, Dick Smith, hopes to raise almost $345 million by listing on the share market in December.

Dick Smith Holdings has lodged a prospectus with the corporate regulator for an initial public offering of 156.6 million shares, valued at $2.20 per share.

It comes just over a year after retail giant Woolworths sold Dick Smith’s 325 stores across Australia and New Zealand to private equity group Anchorage Capital Partners for $20 million.

Nick Abboud, MD of Anchorage, said Dick Smith had undergone a significant transformation during this time, and Anchorage would keep a 20 per cent stake in the company.

Three months ago, department store chain David Jones handed over control of its electronics division to Dick Smith.

Investors will be able to purchase shares in the coming weeks, and the company expects to join the share market on December 12.

AAP