On Footwear Reported to be Planning IPO
The Swiss sneaker brand is contemplating an initial public stock offering in the U.S. as early as this fall, Reuters reported, citing a source close to the matter. The company, which is endorsed by Roger Federer who also holds an equity stake, will likely be valued at $4-$6 billion. That’s about half of Under Armour’s current market cap, by way of comparison. On has been extremely tight-lipped ... Log in to view full article.