South African sporting goods retailer Holdsport said it could raise up to $170 million in an initial public offering (IPO) next month. Holdsport, which runs 32 Sportsmans Warehouse stores in South Africa, said in a statement it had priced the offering at between 31 and 39 rand per share, according to the International Business Times.
Existing shareholders will be selling 26.1 million shares to institutional and other investors in South Africa and elsewhere. An additional 3.9 million shares could be sold through an over-allotment, bringing the total number of shares to 30 million.
The total number of listed shares will be almost 42.9 million, the company said.
