Toys "R" Us Withdraws IPO Filing
Toys "R" Us has decided not to pursue a stock market listing, at least for the moment. The company withdrew its stock registration statement in an official filing with the Securities and Exchange Commission, giving no reason for doing so.
The toy retailer, currently owned and operated by KKR , Vornado Realty Trust , and the privately held Bain Capital, initially registered for an IPO in May 2010.
Additionally, the company released its Q4 and 2012 results. For the quarter, net sales totaled $5.8 billion and bottom line was $239 million. For the full year, net sales were $13.5 billion, down from fiscal 2011's $13.9 billion. Net profit came in at $38 million, against the prior year's $149 million.
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