SRAM has postponed its initial public offering until next summer, according to a report in Bicycle Retailers and Industry News, or BRAIN.
SRAM filed registration papers with the Securities and Exchange Commission in May to raise up to $300 million in an IPO and has since gone on to borrow money to buy out Trilantic Capital Partners, which bought a stake in SRAM at the height of the 2009 financial crisis.
In a report filed Wednesday, BRAIN quoted SRAM COO Jeff Shupe as saying the maker of bicycle components wants to wait for dealer orders so it can forecast its 2013 earnings prior to its IPO road show. Shupe was interviewed at the Taichung Bike Week trade show taking place in Taiwan Nov. 29-Dec. 2.
