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Toys ‘R’ U.S. Delays $800M IPO
Toys ‘R’ U.S. may postpone its proposed initial public offering.
Toys ‘R’ U.S.may postpone its proposed initial public offering (IPO),Reutersreports. The size of the IPO, to be underwritten by a group of banks led byGoldman Sachs, was expected to be about $800 million.
The shares were to be listed on theNew York Stock Exchange, addsNew York Post. Toys ‘R’ U.S. was taken private byKohlberg Kravis Roberts & Company,Bain CapitalandVornado Realty Trustin 2005 for $6.6 billion.
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