Jimmy Choo going in September for an IPO
12.09.2014 3159

Jimmy Choo going in September for an IPO

Jimmy Choo, a designer footwear and accessories company owned by JAB Holdings, may begin an initial public offering in London in September.

According to Bloomberg sources, JAB Holdings is preparing to announce plans to sell an 25 percentage stake in Jimmy Choo. The company attracted Bank of America as the organizer of the IPO and expects to attract approximately 1 billion from the placement of shares.

At the same time, according to this information, a final decision has not yet been made, and JAB may refuse an IPO.

Founded in 1996, Jimmy Choo was bought three times by private equity funds before it was acquired by JAB in 2011.

In case of a positive decision to conduct an IPO, the company will join the list of luxury brands that have carried out an initial public offering in order to raise funds to finance the development of operations. Previous IPOs were held by companies such as Moncler, Brunello Cucinelli and Salvatore Ferragamo.

The total IPO held in London since the beginning of the 2014 year reached 27 billion, which is the highest since the 2007 year, according to Bloomberg. The average growth rate of shares of companies after the IPO exceeded 7%.

JAB Holdings, a designer footwear and accessories company, Jimmy Choo, may begin its IPO process in London as early as ...

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