Adds financials, different particulars
Adds financials, different particulars
Feb 14 (Reuters) – Apax Companions-owned shoemaker Cole Haan Inc, previously part of Nike Inc NKE.N, on Friday made its U.S. itemizing software public, after confidentially filing it with the regulators in October.
Nike offered its Cole Haan purse and shoe model to non-public fairness agency Apax Companions in 2012 for $570 million, almost 24 years after buying it. (https://reut.rs/2SN0Hhp)
The IPO is a part of a broader wave of U.S. retail listings in 2020 by firms together with Casper Sleep CSPR.N, 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 will not obtain any proceeds from the providing as all of the shares to be offered will come from stockholders.
Cole Haan intends to checklist its shares on the Nasdaq…