Cole Haan files confidential IPO
Cole Haan is prepping to go public.
The upscale footwear and accessories brand said that it has confidentially submitted a draft registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Cole Haan is owned by U.K. private equity firm Apax Partners, which acquired the company from Nike in 2013.
The size and price range of the proposed offering have not yet been determined. The IPO is expected to commence after the SEC completes its review process, subject to market and other conditions, the company said.
In its most recent fiscal year ended June 1, Cole Haan’s sales rose 14% to $687 million and adjusted earnings before interest, taxes, depreciation and amortization rise 56% to $95.3 million, according to Bloomberg.
Cole Haan operates more than 100 stores in the U.S., and also has stores abroad.