Cole Haan delays IPO launch

United States
Published:  05 March, 2020
Credit: Cole Haan

The U.S. lifestyle, footwear and accessories brand is delaying its initial public (IPO) offering amid coronavirus concerns.

Cole Haan had initially planned to launch its IPO  beginning of March, but the company is said to have made the decision after the S&P 500 U.S. stock market index lost close to 12% of its value at the end of February, the fastest such correction on record, according to local media reports. Private equity firm Apax Partners purchased the New Hampshire-based company from global sportswear Group Nike in 2012 for US$570 million. Cole Haan had filed IPO paperwork in mid-February after demonstrating growth under Apax's ownership.

Sources: Pitchbook/CNBC