The company currently has more than 500 locations and is nearing 10,000 active employees across all locations. There could be a few reasons that the company might want to go public again in the future, but it seems unlikely right now. The new owners of the privately held company J Crew are listed as Anchorage Capital and Leonard Green. The company has faced a collection of positives and negatives over the years since going private in 2011, but the company seems to be doing much better in recent years. The stock’s final days of being public resulted in a closing price of $37.65, but the company actually paid shareholders $43.50 per share one day later after the company buyout was completed to become privately held again. It is somewhat unusual for a company to go public and then become private again in just a few years. Why Has J Crew Gone Public and Then Private Again?
It’s always possible for a company to raise money by offering shares to investors but going public is a major step for any company, and that doesn’t exclude a company like J Crew, which is a company that has already gone down this pathway before. So, if J Crew went public once, couldn’t it be relatively possible that they would go public again at some point in the future?
Some many other retailers and brands share similar business models to J Crew, which means that there could be some upside potential for investors. Since J Crew is currently a privately held company, there is no way to directly invest in J Crew as a company, which means that traders could look elsewhere to find a similar investment opportunity. Sadly the company is privately held now and has been for the last decade. Some investors may crave the opportunity to invest again in a company like J Crew. Some investors may remember when J Crew went public and submitted an IPO and raised more than $300 million.Ī few years later, the company became private again and forced investors out of their positions after a massive buyout in 2011. The J Crew company is recognized as one of the most popular clothing retailers.
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