Authentic Brands Group is working with potential advisers on a possible initial public offering that could come this year, according to a Bloomberg report that cited anonymous sources.
The brand specialist is eyeing a valuation of around $10 billion, though plans aren’t final and that price could change, Bloomberg reported. An Authentic Brands Group spokesperson did not immediately respond to Retail Dive’s request for comment.
Authentic Brands is currently backed by the financial firms BlackRock, General Atlantic, Leonard Green & Partners and Lion Capital. The company, with over 30 brands in its stable, says it makes $10 billion a year inretail sales of its names.Retaildive