Fox Racing Shox goes public and enters the stock market!
Yeah that's right, it looks as though you'll soon be able to buy shares in Fox Racing Shox!
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 even just a tiny bit of a bike company then now's your chance.
It's going to be interesting to see how this move changes the company because this is no small change.
Will you be looking to buy shares in Fox?