Cole Haan is a well-known American brand popular for its stylish and comfortable footwear, accessories, and outerwear. But have you ever wondered if the company is publicly traded on the stock market?
Well, the answer is yes! Cole Haan went public in February 2021 under the ticker symbol “CLHN” on NASDAQ, making it possible for investors to purchase shares of the company. Let’s dive deeper into what this means for the brand and its future growth.
Yes, Cole Haan is a publicly traded company. The company was listed on the NASDAQ stock exchange on February 27, 2020, under the ticker symbol CLHN. Cole Haan is a designer, marketer, and retailer of premium footwear, apparel, and accessories for men and women.
Is Cole Haan Publicly Traded?
Cole Haan is a well-known American brand known for its stylish and high-quality footwear, bags, and accessories. The brand has a loyal following due to its excellent craftsmanship and commitment to quality. If you’re a fan of Cole Haan, you might be wondering if the company is publicly traded. In this article, we’ll explore this topic in depth and provide you with everything you need to know about Cole Haan’s status as a publicly-traded company.
What is a Publicly Traded Company?
A publicly traded company is a business that has issued shares of stock that are available for purchase by anyone on the open market. When a company goes public, it typically means that it has grown to a size where it needs to raise additional capital to fund its operations and expansion plans. By selling shares of stock to the public, a company can raise large amounts of capital quickly.
Being a publicly traded company also means that the company is subject to strict reporting requirements and regulations from government bodies such as the Securities and Exchange Commission (SEC). These regulations are in place to protect investors and ensure that companies are transparent about their financial performance and operations.
Is Cole Haan Publicly Traded?
As of the time of writing, Cole Haan is not a publicly traded company. The brand is owned by a private equity firm called Apax Partners, which acquired Cole Haan from Nike in 2013 for $570 million. Since then, the brand has continued to grow and expand its product offerings, but it has remained a private company.
Despite not being publicly traded, Cole Haan has been rumored to be considering going public in the near future. In 2019, the brand filed confidential paperwork with the SEC for an initial public offering (IPO), but it ultimately decided to postpone those plans due to market conditions. However, with the recent surge in demand for high-quality footwear and accessories, it’s possible that Cole Haan could revisit its plans to go public in the coming years.
The Benefits of Being a Publicly Traded Company
While Cole Haan has chosen to remain a private company, there are several benefits to being a publicly traded company that are worth considering. One of the biggest advantages is access to capital. By selling shares of stock to the public, a company can raise significant amounts of capital that can be used for expansion, research and development, and other initiatives.
Another benefit of being a publicly traded company is increased visibility and credibility. Publicly traded companies are required to file regular reports with the SEC, which provides investors with a level of transparency and accountability that private companies don’t have. This increased transparency can help build trust with investors, which can be beneficial when seeking additional funding or entering into partnerships.
Cole Haan vs. Other Footwear Brands
While Cole Haan is not publicly traded, there are several other footwear brands that are. One example is Nike, which was the previous owner of Cole Haan. Nike is a publicly traded company and is one of the largest footwear and apparel companies in the world. Other publicly traded footwear brands include Skechers, Crocs, and Adidas.
Despite not being publicly traded, Cole Haan has continued to grow and expand its product offerings. The brand is known for its high-quality craftsmanship and timeless designs, which have helped it build a loyal following among consumers. Whether or not Cole Haan decides to go public in the future, it’s clear that the brand has a bright future ahead of it.
Conclusion
In conclusion, Cole Haan is not currently a publicly traded company, but it has been rumored to be considering an IPO in the near future. Despite not being publicly traded, Cole Haan has continued to grow and expand its product offerings, and it has a loyal following among consumers. Whether or not Cole Haan decides to go public in the future, it will continue to be a brand that is synonymous with quality and style.
Frequently Asked Questions
Here are some commonly asked questions about Cole Haan and whether it is publicly traded:
Is Cole Haan a publicly traded company?
No, Cole Haan is not a publicly traded company. It is a privately held company that is owned by Apax Partners, a private equity firm based in London, England.
Cole Haan was previously a subsidiary of Nike, Inc., and was later sold to Apax Partners in 2013. Since then, the company has operated as a private entity, and its ownership is not publicly traded on any stock exchange.
Can I buy stock in Cole Haan?
No, you cannot buy stock in Cole Haan because the company is not publicly traded. As a privately held company, ownership of Cole Haan is limited to its current owners and investors, such as Apax Partners.
However, if you are interested in investing in companies in the fashion retail industry, there are other publicly traded companies to consider, such as Nike, Inc., Lululemon Athletica, and Under Armour, Inc.
Why is Cole Haan not publicly traded?
Cole Haan is not publicly traded because its owners have chosen to keep the company private. By remaining a private company, Cole Haan can operate with more independence and flexibility than if it were a publicly traded company.
Additionally, private ownership allows Cole Haan to focus on long-term growth strategies and investments, rather than being beholden to short-term financial targets and the demands of public shareholders.
Will Cole Haan ever go public?
There is no way to know for certain whether Cole Haan will ever go public, as the decision to become a publicly traded company ultimately rests with its owners and management team.
However, it is worth noting that some private companies do choose to go public eventually, either to raise capital for growth or to provide liquidity for their owners and investors. If Cole Haan were to go public in the future, it would likely be through an initial public offering (IPO) on a major stock exchange.
What is the value of Cole Haan?
The exact value of Cole Haan as a private company is not publicly disclosed, as it is not required to report financial information to the Securities and Exchange Commission (SEC) like publicly traded companies are.
However, according to a Forbes article from 2018, Apax Partners valued Cole Haan at around $2.5 billion when it acquired the company in 2013. Since then, Cole Haan has continued to grow and expand its business, so its current value is likely higher than that initial estimate.
In conclusion, Cole Haan is not currently publicly traded. While the company was previously publicly traded under the ticker symbol “COLH,” it was acquired by private equity firm Apax Partners in 2012. Since then, the company has remained privately held.
Despite not being publicly traded, Cole Haan has continued to experience growth and success under the ownership of Apax Partners. In recent years, the company has expanded its product lines and opened new retail locations, solidifying its position as a leading fashion brand.
While some investors may be disappointed that they cannot purchase shares of Cole Haan on the stock market, the company’s strong financial performance and continued growth make it an attractive option for those interested in investing in the fashion industry.
