The Washington GrandSupply: Cole HaanApax Companions-owned shoemaker Cole Haan, previously part of Nike, on Friday made its U.S. itemizing software
The Washington Grand
Supply: Cole Haan
Apax Companions-owned shoemaker Cole Haan, previously part of Nike, on Friday made its U.S. itemizing software public, after confidentially submitting it with the regulators in October.
Nike offered its Cole Haan purse and shoe model to personal fairness agency Apax Companions in 2012 for $570 million, almost 24 years after buying it.
The IPO is a part of a broader wave of U.S. retail listings in 2020 by firms together with Casper Sleep, Madewell, and MyTheresa.
Cole Haan posted income of $686.6 million for the 12 months ended June 1, 2019, up 14.1% from a 12 months earlier, and reported a 43.4% rise in revenue to $33.1 million.
The corporate mentioned it might not obtain any proceeds from the providing as all of the shares to be offered will come from stockholders.
Cole Haan intends to record its shares on the Nasdaq underneath the image “CLHN”.
BofA Securities, Morgan Stanley, J.P.Morgan and Goldman Sachs are the lead underwriters to the IPO.