Academy Sports and Outdoors Inc, owned by U.S. private equity firm KKR & Co , has filed for an initial public offering in the United States, making it the latest firm to cash in on the stunning recovery in capital markets from the COVID-19 pandemic.

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DICK'S SPORTING GOODS REMOVES HUNTING MERCHANDISE

The company intends to list its shares on the Nasdaq under the symbol "ASO".

TickerSecurityLastChangeChange %KKRKKR & CO.34.68-0.28-0.80%

Academy Sports, which KKR bought in 2011, has 259 stores across the United States that sell sporting equipment including footwear, apparel as well as products like tents, and bicycles.

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The company’s net sales rose nearly 1% to $4.8 billion in 2019 from a year earlier.

Academy Sports said on Wednesday it expects to benefit from the shift to recreational activities.

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https://www.foxbusiness.com/markets/academy-sports-and-outdoors-looks-to-score-with-ipo

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