Over the last 11 years, Asia’s IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia’s share of global IPOs has increased from 12% in 1999 to 66%. Mean…
After seeing interest from potential buyers, children’s clothing retailer Gymboree has hired Goldman Sachs to auction itself off, and more private-equity firms have already stepped in to say they want to play. Gymboree executiv…
Gymboree Corp (GYMB) surged in extended-hours trading following reports that it is considering selling itself to private equity companies.
The stock jumped 19.69% to $49.72 a share as of 7:59 pm ET Thursday.
The children’s clothing’s retailer and its bankers have been soliciting interest from potential buyers, The Wall Street Journal reported without naming its sources.
Private…
Continue reading Gymboree Jumps in Extended Hours Trading on Potential Sale
Gymboree Jumps in Extended Hours Trading on Potential Sale originally appeared on DailyFinance on Fri, 01 Oct 2010 06:45:00.
Filed Under: Company News, Retail, Stocks in the News