Authentic Brands IPO: AUTH May Be Valued at $10 Billion_老虎社区_美港股上老虎

Authentic Brands IPO: AUTH May Be Valued at $10 Billion

Investopedia2021-07-12

Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Firefire
·2021-07-12
Yes!
回复
1
举报
收起
- OMZ:
  Yes
  2021-07-12
  回复
  举报
Demonscars
·2021-07-12
Cool!
回复
点赞
举报
收起
- Kalllll:
  K
  2021-07-13
  回复
  举报
Roticanai
·2021-07-12
Like
回复
3
举报
收起
- tearach:
  pls like
  2021-07-12
  回复
  举报
njkk
·2021-07-12
Pls like thanks
回复
4
举报
收起
- Jia92:
  Yeap
  2021-07-12
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2150267773?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-07-12 15:53","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2150267773","market":"us","top_or_hot":-1,"title":"Authentic Brands IPO: AUTH May Be Valued at $10 Billion","media":"Investopedia","content":"<div>\n<p>Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. ...</p>\n\n<a href=\"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo\">网页链接</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Authentic Brands IPO: AUTH May Be Valued at $10 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAuthentic Brands IPO: AUTH May Be Valued at $10 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. ...</p>\n\n<a href=\"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLK","symbol_name":"贝莱德","start_time":0,"source_url":"https://www.investopedia.com/authentic-brands-ipo-auth-expected-to-raise-usd100-million-5191826?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo","article_id":"2150267773","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2150267773","pubTimestamp":1626076380,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddi","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLK":"贝莱德","BAC":"美国银行","GS":"高盛","JPM":"摩根大通","SPG":"西蒙地产"},"translate_title":"正宗品牌IPO：AUTH估值可能达到100亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":0.9,"BLK":0.9,"GS":0.9,"JPM":0.9,"SPG":0.9},"content_text":"Authentic Brands Group owns a variety of well-known retailers, among them JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, Aeropostale, Lucky Brand, Barneys New York, and Juicy Couture. As a result, Authentic Brands has become one of the biggest operators of brick-and-mortar stores during a period of increasing online sales. The company also holds licenses to more than 30 brands, such as Sports Illustrated and Marilyn Monroe. The upshot is that Authentic Brands derives most of its sales revenue from licensing fees.\nKey Takeaways\n\nAuthentic Brands owns several retailers, including JCPenney, Forever 21, Eddie Bauer, Brooks Brothers, Nine West, and Aeropostale.\nAuthentic Brands also owns the license to more than 30 brands.\nAuthentic Brands will go public in an IPO that may value the company at $10 billion.\nAuthentic Brands reported total revenue of $489 million and net income of $225 million in 2020.\n\nAuthentic Brands, which is headquartered in New York, was founded in 2010 by Toronto-based Jamie Salter, who serves as its chairman and CEO. Salter's four sons also are employed by Authentic Brands, including Corey Salter who serves as its chief operating officer (COO).\nJamie Salter previously was CEO of Hilco Consumer Capital (HCC), which took brands such as instant photography pioneer Polaroid and specialty retailer Sharper Image out of bankruptcy. Hilco describes itself as: \"a leading private equity firm that makes strategic investments in consumer product retailers, wholesalers, manufacturers and intellectual property. Our core focus is on North American companies with strong consumer brands.\"\nThe preliminary prospectus filed by Authentic Brands for its IPO does not specify an anticipated offering price or date for the shares, nor does it place a valuation on the company. However, it is known that the offering will include two share classes, with class A shares being sold to the general public and class B shares, which will have greater voting rights, being issued to Jamie Salter and his key associates.\nWhile the preliminary prospectus indicates that the IPO is expected to raise $100 million, this is widely viewed as merely a placeholder amount that is expected to change significantly. Bloomberg estimates that Authentic Brands actually could be worth about $10 billion when its IPO finally comes to market, roughly double an estimated valuation of $4 billion to $5 billion in 2019.\nAuthentic Brands Company Financials\nThe table below presents key financial data for Authentic Brands, for the most recent reported year, with comparisons to the prior year.\n\n\n\n\n\n\nAuthentic Brands Key Financials: Most Recent Years\n\n\n\n\nMetric\nFull Year 2020\nFull Year 2019\n\n\nTotal Revenue\n$488.9 million\n$480.4 million\n\n\nNet Income\n$225.3 million\n$96.5 million\n\n\nLicensing Revenue\n$471.3 million\n$469.3 million\n\n\n\nSource: Authentic Brands S-1 Filing\nThe results for full year 2019 included a realized loss on investments of $93.9 million, whereas the company reported a gain of $0.7 million in 2020. The table below presents the same key financial data as shown above, but for the most recent reported quarter, with comparisons to the same quarter in the previous year.\n\n\n\n\n\n\nAuthentic Brands Key Financials: Most Recent Quarter\n\n\n\n\nMetric\nQ1 2021\nQ1 2020\n\n\nTotal Revenue\n$160.1 million\n$120.5 million\n\n\nNet Income\n$294.9 million\n$60.8 million\n\n\nLicensing Revenue\n$153.3 million\n$117.4 million\n\n\n\nSource: Authentic Brands S-1 Filing\nNet income for Q1 2021 included $201.0 million of equity in net income of investments accounted for under the equity method. In Q1 2020, this figure was a loss of $35.9 million.\nAmong the key achievements cited by management for the period from 2016 through 2020 were an increase in revenue from $165 million to $489 million, representing a CAGR of 31%. Meanwhile, net income attributable to Authentic Brands Group grew from $45 million to $211 million, for a CAGR of 47%.\nAdditional Company Details\nAuthentic Brands has partnered with mall owner Simon Property Group (SPG) in the acquisitions of several retailers, including JCPenney, Forever 21, and Aeropostale. The largest shareholders in Authentic Brands include chairman and CEO Jamie Salter, Simon Property Group, BlackRock (BLK), Leonard Green & Partners, Lion Capital, and General Atlantic.\nThe Bottom Line\nThe details of the Authentic Brands Group IPO are still a work in process. The lead underwriters are Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs Group (GS).\nWith the accelerating rise of e-commerce continuing to damage the prospects of traditional brick-and-mortar stores, the upcoming Authentic Brands Group IPO represents something of a contrarian play, partially a bet that physical retailers still offer value, especially if they can be acquired at attractive beaten-down prices. Moreover, the importance of licensing fees to Authentic Brands (representing roughly 96% or more of total revenues) means that the company's value rests largely within the brands themselves, and not in specific distribution channels.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":146624446,"gmtCreate":1626077807785,"gmtModify":1631891655086,"author":{"id":"4088082880945180","authorId":"4088082880945180","name":"Firefire","avatar":"https://static.tigerbbs.com/46b724bd4ce7cc56dea4804cfe75606b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088082880945180","idStr":"4088082880945180"},"htmlText":"Yes!","listText":"Yes!","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146624446","repostId":2150267773,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5194783,"gmtCreate":1626077930648,"gmtModify":1631891655089,"authorId":3582775098103345,"author":{"id":3582775098103345,"idStr":"3582775098103345","authorId":3582775098103345,"name":"OMZ","avatar":"https://static.tigerbbs.com/ca349f863c38e1c6aef2ca4511498926","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146624446,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":146628015,"gmtCreate":1626077654037,"gmtModify":1631891051903,"author":{"id":"4087366724045480","authorId":"4087366724045480","name":"Demonscars","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4087366724045480","idStr":"4087366724045480"},"htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146628015","repostId":2150267773,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5199724,"gmtCreate":1626128602259,"gmtModify":1631891051901,"authorId":3575187662973652,"author":{"id":3575187662973652,"idStr":"3575187662973652","authorId":3575187662973652,"name":"Kalllll","avatar":"https://static.tigerbbs.com/79cdea0e5b00873b55af6be3c8af95c9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146628015,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K"}],"langContent":"EN"},{"id":146620195,"gmtCreate":1626077452317,"gmtModify":1633930384871,"author":{"id":"3581913988119713","authorId":"3581913988119713","name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581913988119713","idStr":"3581913988119713"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146620195","repostId":2150267773,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5194777,"gmtCreate":1626077901013,"gmtModify":1635231318446,"authorId":3575256032463698,"author":{"id":3575256032463698,"idStr":"3575256032463698","authorId":3575256032463698,"name":"tearach","avatar":"https://static.tigerbbs.com/861adeae93387d8335f9550889bafb00","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146620195,"type":1,"supId":0,"prevId":0,"content":"pls <u>like</u>","text":"pls <u>like</u>","html":"pls <u>like</u>"}],"langContent":"EN"},{"id":146686801,"gmtCreate":1626076768003,"gmtModify":1633930394231,"author":{"id":"3575950181915531","authorId":"3575950181915531","name":"njkk","avatar":"https://static.tigerbbs.com/6382201e8e84ccd3f8e89b9a28e74607","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575950181915531","idStr":"3575950181915531"},"htmlText":"Pls like thanks","listText":"Pls like thanks","text":"Pls like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146686801","repostId":2150267773,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5194625,"gmtCreate":1626077059038,"gmtModify":1635231330140,"authorId":3581759598893994,"author":{"id":3581759598893994,"idStr":"3581759598893994","authorId":3581759598893994,"name":"Jia92","avatar":"https://static.tigerbbs.com/1f0c4ac1be2c8822a722a90ccf6bdc7e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146686801,"type":1,"supId":0,"prevId":0,"content":"Yeap","text":"Yeap","html":"Yeap"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":75,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}