Cole Haan files registration statement with SEC for IPO

By

Gabriella Lacombe

Published
Feb 17, 2020

Footwear and accessories brand Cole Haan Inc. has taken the next step in going public, filing a registration statement with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. 

The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined, the company said. 

The brand has applied to list its common stock on the NASDAQ as "CLHN".

BofA Securities and Morgan Stanley are acting as co-lead bookrunning managers for the proposed offering, the brand said, while J.P. Morgan and Goldman Sachs & Co. LLC are also acting as lead bookrunning managers. Jefferies, Baird, Cowen, Piper Sandler and Stifel are acting as bookrunning managers.

Cole Haan first announced its preparation for an IPO in August, after reporting annual sales at $687 million in the fiscal year ended June 1, 2019.

The brand is currently owned by private equity firm Apax Partners, which acquired the brand from Nike in 2013.

Currently, the brand is sold in over 45 countries through 110 branded retail stores within the United States, over 200 branded store and shop-in-shop locations internationally, via colehaan.com, and inside a variety of department stores and specialty retail partners.