Starting tomorrow, you can own even more of FOX Racing Shox than the units on your snowmobile or Wildcat.
The company completed an IPO yesterday and will be offering 8,571,429 shares at ~$14 per share. They will be trade on Nasdaq under the symbol FOXF. FOX is seeking to raise $120 million to cover a remaining 52.9 million in debt from a June 2012 recapitalization.
In 2012, Fox turned a profit of $14.2 million. Currently OEM sales account for 81% of business, of which 33% comes from power sports and automotive industries (bicycles account for a whopping 67% of their OE business).
You can read the entire SEC filing HERE.
Read about FOX’s celebration of four decades HERE.
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