Academy Sports + Outdoors files to go public

Academy Sports and Outdoors has publicly filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering. Academy has applied to list its common stock on the NASDAQ Global Select Market under the ticker symbol "ASO."

The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. 

Founded in 1938 as a family business in Texas, Academy was acquired by private equity firm Kohlberg Kravis Roberts & Co. in 2011. Under KKR’s ownership, Academy’s store portfolio has nearly doubled to more than 250 stores in 16 contiguous states, primarily in the southern U.S., up from 133 stores.

The company’s product assortment focuses on key categories of outdoor, apparel, footwear, sports and recreation through both national brands and a portfolio of 17 private label brands.