Retailers, consumers and prices
Check Out Line: Wanna own a piece of Toys “R” Us, again?
Check out Toys R Us’ IPO filing.
After months of speculation, Toys R Us finally filed its application to go public again in an offering of as much as $800 million, which makes it one of the largest deals in the U.S. IPO pipeline.
Toys R Us was publicly traded until 2005 before being bought by private equity firms Bain Capital, KKR and real estate company Vornado. The chain, which also owns the famed FAO Schwartz in Manhattan, had sales of $13.6 billion last year, and appears to be riding a wave of IPOs aimed at helping private equity firms cashing out on their investments.
But IPOs have had a hard time of it lately, what with the roller coaster stock markets have been on. In any regard, this is just the filing, which means the IPO is not necessarily imminent. Which is perhaps just as well, given the uncertain prospects of the stock markets.
Also in the basket:
- Apple iPad frenzy spreads abroad
- Kingfisher Q1 profit seen up, New Look mum on IPO