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Sportmaster plans an IPO on the London Stock Exchange
21.08.2011 2899

Sportmaster plans an IPO on the London Stock Exchange

Russia's largest sporting goods retailer and large apparel retailer, the Sportmaster Group, is exploring the possibility of an IPO on the London Stock Exchange next year, Reuters reports, citing financial market sources.

According to them, the company can raise from $ 600- $ 700 billion with a conservative preliminary assessment of the business at $ 2,5- $ 3 billion. The retailer has not yet chosen the organizers of the placement.

In the 2010 fiscal year ending August 31, Sportmaster’s revenue was $ 1,3 billion, EBITDA - $ 306 million, EBITDA margin - 23,8%, the investor conference held in June by Renaissance Capital said in reference materials.

The manager of the Sportmaster group Sergey Agibalov declined to comment on the IPO topic and financial performance.

The Sportmaster group unites over 213 stores of the same name of its own network of sporting goods, 307 stores of inexpensive O'Stin casual wear. The group also owns a franchise and exclusive rights in Russia and the CIS for two western retail chains of sports shoes and apparel - Columbia and O'Neil, and two private brands - Sportlandia and Footterra. The franchise network of the company includes about 200 stores in Russia, Ukraine, Kazakhstan and Belarus.

The largest Russian retailer of sporting goods and a large clothing retailer - the Sportmaster group - is studying the possibility of an IPO on the London Stock Exchange next year, the agency reports ...
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