Bauer Performance Sports to go public on NYSE

[JR Boucicaut 3797]

They will be dropping Bauer from the name and becoming Performance Sports Group Ltd - will trade under PSG.

http://www.marketwired.com/press-release/bauer-performance-sports-announces-public-offering-new-listing-on-new-york-stock-exchange-tsx-bau-1918725.htm

[Axxion89 32]

Sounds like Bauer is going public to pay off its debt. Probably has more ambitions to buy other companies / brands and the debts incurred from their other purchases are holding them back. I'm more interested to see what happens with current products once they go public & will now have to answer to shareholders for growth estimates, EPS, etc

[iceman8310 105]

Will you be adding their stock to your portfolio?

[JR Boucicaut 3797]

Sounds like Bauer is going public to pay off its debt. Probably has more ambitions to buy other companies / brands and the debts incurred from their other purchases are holding them back. I'm more interested to see what happens with current products once they go public & will now have to answer to shareholders for growth estimates, EPS, etc

They were public already, albeit TSX, not NYSE.

[chippa13 1844]

I think being public is part of the rationale for the 3 distinct lines for their hockey division. There is pretty much always a new latest and greatest hitting the market at top pricing.

[shooter27 116]

Looks like they'll continue to trade on the TSX as well. It's fairly common for companies to trade on multiple exchanges in different countries. Being on the NYSE should give the stock significantly more liquidity since the volume there is so much higher than on the TSX.

Sounds like Bauer is going public to pay off its debt. Probably has more ambitions to buy other companies / brands and the debts incurred from their other purchases are holding them back. I'm more interested to see what happens with current products once they go public & will now have to answer to shareholders for growth estimates, EPS, etc

As JR said, they've been public so those factors have been a consideration for them for a while, though being of the NYSE should bring more analyst coverage and attention. However, I believe Kohlberg is still the controlling shareholder, either through a majority ownership or a significant enough minority that they effectively control voting, though I haven't looked at the share counts in a while so it's possible that is no longer the case. If Kohlberg still owns a large enough percentage it means at the end of the day they are still effectively a privately controlled company, just with some public ownership, so the focus tends to be a little less on short term performance because the main shareholder is a long term holder.