Claire’s Files for IPO, Reviving Previous Plans

Claire's files for IPO, reviving previous plans to do so more than four years ago. The company, backed by Goldman Sachs, sells necklaces, bracelets, and accessories. They also sell headphones and soft toys. Not to mention, the company was founded in Chicago in the 1960s. Goldman Sachs, Citigroup, and Morgan Stanley are the lead underwriters for the IPO. 

Apollo Global Management Inc took Claire's following a more than $3 billion deal in 2007. Furthermore, in 2017 Claire's scrapped their plan to file for an IPO following their 2013 filing. Additionally, the jewelry retailer is also backed by JPMorgan Chase & Co and Elliott Management Corp affiliates.

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During the second quarter of this year, the company's net l...

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