A brand management company based in New York will list its shares on the New York Stock Exchange under the AUTH symbol. Bank of America Corp., JPMorgan Chase & Co. ,and Goldman Sachs Group Inc. Is leading the IPO.
In a regulatory filing, the company said it plans to sell $ 100 million worth of shares, but that amount is likely to change. The filing did not specify the expected offer price, stock date, or company valuation.
Recently, ABG has rapidly acquired a bankrupt retailer and is partnering with mall owners. Simon property group With the acquisition of several retailers. Acquired Forever 21. Brooks Brothers, And Juicy Couture in 2020 alone. Prior to that, it acquired Barneys, Nine West and Aeropostale from bankruptcy. Currently, we have a portfolio of over 30 brands.
Founded by Jamie Salter in 2010, ABG was worth $ 4 billion in 2019 with a $ 875 million investment by BlackRock. Bloomberg now estimates that when the IPO finally hits the market, Authentic Brands is actually worth about $ 10 billion.
BlackRock Inc for SEC filing. Along with the Simon Property Group is listed. Lennart Green & Partners LP, general Atlantic ocean LLC, and Lion capital LLP as the largest shareholder of Authentic Brands.
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Authentic Brands Group Submits IPO
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