Yeah that’s right, it looks as though you’ll soon be able to buy shares in Fox Racing Shox! The company has put in their application to join the stock market and go public, with the aim at first being to raise $120 million. A chunk of this money will go towards clearing their debt of $52.9 million. That may sound like a huge amount of debt, but it’s not uncommon for a company of Fox’s size to operate with this kind of debt, and in 2012 they turned a profit of $14.2 million.
The price of the shares, and the number of them is yet to be decided, but if you’ve always fancied owning … More
This entry was posted
on Tuesday, July 9th, 2013 at 9:09 pm and is filed under Business news.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.