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Toys ‘R’ U.S. Delays $800M IPO

Toys ‘R’ U.S. may postpone its proposed initial public offering.

Toys ‘R’ U.S. may postpone its proposed initial public offering (IPO), Reuters reports. The size of the IPO, to be underwritten by a group of banks led by Goldman Sachs, was expected to be about $800 million.

The shares were to be listed on the New York Stock Exchange, adds New York Post. Toys ‘R’ U.S. was taken private by Kohlberg Kravis Roberts & Company, Bain Capital and Vornado Realty Trust in 2005 for $6.6 billion.

Click here for the story from Reuters.

Click here for additional coverage from New York Post.

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