Authentic Brands Group Inc on Tuesday filed for a U.S. initial public offering following a year that saw the parent of apparel chain Aéropostale and Sports Illustrated magazine post strong earnings growth.
In a regulatory filing, Authentic Brands listed asset manager BlackRock Inc (BLK.N), U.S. private equity firm General Atlantic LLC and mall owner Simon Property Group Inc (SPG.N) among its shareholders.
Authentic Brands, which also owns the Forever 21 brand, plans to list its stock on the New York Stock Exchange under the symbol “AUTH”, it said in a regulatory filing.
The company’s 2020 net income jumped to about $211 million from $72.5 million a year earlier, while its revenue rose nearly 2% to $488.9 million.
Source: Reuters
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