IPO values Thule at $940 million - sportstextiles: Lea SportsTextiles

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IPO values Thule at $940 million

02/12/2014
Sweden-based backpack group Thule has started trading on the Stockholm stock market at a share price that values the group at $940 million.

Its owner, private equity firm Nordic Capital, announced the intention to list the group in early November. It is selling about a quarter of the shares.

Thule is known for making roof racks and other carriers, was established in 1942 and has more than 3,000 employees.

Related stories:

Thule sells offshoot to concentrate on bags 10/09/2015
Jobs losses at Thule, sales grow 20% 24/07/2015
Renewable energy makes up half Thule’s total 16/03/2015
Thule focuses on outdoor as currency effects decimate revenues 13/02/2015
More brand collaborations for Cordura 19/11/2014
Thule chooses Cordura for technical backpacks 11/08/2014
Revamped OIA board to steer industry through change 11/08/2014
New members for outdoor association 24/06/2014

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