Toys R Us IPO likely in July: source

RetailReuters

NEW YORK (Reuters) - Toys R Us is targeting an initial public offering in July, a source familiar with the matter told Reuters.

The world's largest dedicated toy retailer filed for an IPO of up to $800 million last May, but has not yet announced the timing of its much anticipated public debut.

Continue Reading Below

"I don't know the reason why they pushed it off," the source said on Wednesday. "There is speculation out there that they weren't coming off as strong a holiday season as they thought they would have."

Last week, another source familiar with the situation told Reuters that the retailer might delay an IPO contemplated for the first half of the year because of lackluster holiday sales.

Toys R Us did not immediately respond to a request seeking comment.

(Reporting by Dhanya Skariachan; Editing by Richard Chang)

What do you think?

Click the button below to comment on this article.