SRAM ready to file IPOOriginally posted on May 13, 2011 at 10:13 am
SRAM could raise as much as $300 million in an intial public offering, according to Bicycle Retailer, after the company filed preliminary paperwork with the Securities and Exchange Commission.
The number of shares and the prices have not been determined or disclosed, but it was revealed that the stock ticker would be "SRAM". The rapidly growing company reported net sales of $524.1 million in 2010, and has grown at a rate of about 16 percent annually in the past four years. The company estimates it holds about 15 percent of the $3.5 billion bicycle components market.
Just this month SRAM purchased Quarq, a company that designs and builds power meters for cyclists.
Read more at Bicycle Retailer and Industry News.