• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Holdsport may raise R1bn with listing

Jun 27 2011 08:50
Reuters
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. 
holdsport  |  jse

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...