Report: Toys ‘R’ Us considers $800 million IPO for April
Wayne, N.J. -- A New York Post report on Saturday said that Toys “R” Us is considering an initial public offering in April to raise around $800 million, although a final decision has not been reached.
The retailer shelved IPO plans in 2010; it has not commented on the latest report that IPO talks have resurfaced.
"Toys ‘R’ Us took more market share from competitors last year than they have in the past 20 years," said a Post source. "But I don't think they were satisfied with how they did on the profit level."
Toys “R” Us was taken private in 2005 by an equity group comprised of Kohlberg Kravis Roberts, Bain Capital and Vornado Realty Trust in a deal worth $6.6 billion.
The retailer reported a loss of $93 million in its fiscal quarter ended Oct. 30, 2010, widened from a year-earlier loss of $67 million.