UPDATE: Shoes and accessories maker Cole Haan files for IPO
Shoes and accessories maker Cole Haan filed for an initial public offering on Friday, with plans to list on Nasdaq. The company said it plans to raise up to $100 million, likely a placeholder sum as it works to determine terms. Nine banks are underwriting the deal, led by BofA Securities, Morgan Stanley, JPMorgan and Goldman Sachs. The company was acquired by Apax Partners from Nike Inc. (NKE) in February of 2013. The company had net income of $24.8 million in the 26-weeks to Nov. 30 of 2019, down from $29.4 million in the year-earlier period. Revenue rose to $403.1 million from $351.4 million, according to the IPO documents. The stock will list under the ticker symbol "CLHN."
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 14, 2020 14:13 ET (19:13 GMT)
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