South Africa
Steinhoff aims to list Mattress Firm on NYSE─── 16:10 Mon, 10 Jan 2022
Embattled retail group Steinhoff International revealed its US-based retail chain Mattress Firm has applied to the US’ Securities and Exchange Commission for an initial public offering of its common stocks to have it listed on NY Stock Exchange.
The group, however, reported that the number of shares to be offered and how much they will be going for is still to be determined.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective, the group said.
Steinhoff holds a 50% stake in Mattress Firm, which is touted as the US’s leading speciality bedding retailer.
News of Steinhoff’s plan to list Mattress Firm has been well received by the local market, with its share price on the JSE climbing around 8% in morning trade to R5.39.
Moneyweb
