The outdoor goods and clothing retailer Kathmandu has announced a sharemarket float expected to be worth up to $457 million.
The company will offer nearly 200 million shares to investors on the Australian and New Zealand stock exchanges at a price somewhere between $2 and $2.32 a share.
Bought out by Goldman Sachs JBWere and Quadrant Private Equity in 2006, Kathmandu has 85 stores in New Zealand and Australia, and six in Britain.
If the sale goes ahead, it will be the second retailer to be sold this year into a sharemarket flotation by private-equity owners.
