SRAM aims to raise $300m with float

SRAM files for an initial public offering.
Author:
Publish date:
2-sram.jpg

SRAM International is to file for IPO of up to $300ml. The company filed papers with US regulators earlier today to raise up to $300 million in an initial public offering of common stock.

The offering proceeds would be used to pay down debt, said a company statement.

The company intends to list under the symbol SRAM, but has not yet decided which exchange it intends to list on.

SRAM told the Securities and Exchange Commission that J.P. Morgan, Bank of America Merrill Lynch, Morgan Stanley, and others, are underwriting the IPO.

Featured Jobs

LTR coral logo 620x349

Local Project Manager (x3 roles)

Love to Ride I North East Lincolnshire, Slough, Southampton I Salary: £32,500 equivalent (PT, temporary) I Date Published Monday 7th January 2019

Logo stacked

Head of Marketing

Brompton I West London I Salary Competitive I Date Published Wednesday 9th January 2019

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK Nationwide I Salary TBC Depending on level of experience I Date published Wednesday 16th January 2019

cls logo_jpg 600x348

Bike Mechanic

Club La Santa I Lanzarote, Canary Islands I Competitive Salary & Benefits I Date Published Monday 7th January 2019