Holdsport may raise R1bn with listing
Fin24 - Jun 28th 2011, 08:09
Johannesburg - Sporting goods retailer Holdsport said on Monday it could raise up to R1.17bn 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 R31 and R39 per share.
The company said its existing shareholders would 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.
That would value the IPO at R1.17bn if the shares sell at the top end of the offer price, according to Reuters calculations. The total number of listed shares will be almost 42.9 million, the company said.
The IPO price will be decided by July 14 and shares are due to start trading on the JSE by July 18, the company said. The shares will trade under the symbol "HSP", the company said.
UBS is the bookrunner for the offering.
Retail sales remain muted with consumers under pressure
20/09/2019 - 14:31
Retail sales for July marginally declined to 2 percent year on year as sales growth continued to reflect a muted demand in South Africa, with consumers’ discretionary income under strain.
The V&A Waterfront’s Victoria Wharf is SA’s greenest shopping centre
19/09/2019 - 09:13
The V&A Waterfront’s far-reaching waste management and recycling practices has earned the property a prestigious Green Buildings Council of SA (GBCSA) 5 Star Green Star Existing Building Performance v1 certification (EBP v1) for the popular Victoria Wharf Shopping Centre – the highest rating for any existing shopping centre in South Africa.
Violence can impact availability of retail stock in SA, says industry body
12/09/2019 - 14:06
The Consumer Goods Council of South Africa (CGCSA) is concerned that the violent protests in the country could lead to a significant impact on stock available for retailers.
UK retailers bristle at demand of no-deal Brexit
10/09/2019 - 14:52
A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can't find everything they want on the shelves.
Customer loyalty – It’s a dog’s life
02/09/2019 - 11:05
Acquiring today’s customer is a lot like getting a dog. They provide an endless amount of value and the feel-good sense of confidence that you’re doing a good job.