NEW YORK (CNNMoney.com) -- Toys "R" Us is seeking to raise $800 million in stock through an initial public offering, hoping to clear some debt from its balance sheet, the company said in a securities filing Friday.
The Wayne, N.J.-based toy retailer did not say how many shares it plans to sell.
Toys "R" Us will use most of the capital raised from the offering to repay its "substantial indebtedness," the filing said. As of January 2010, the company had more than $5.2 billion in debt.
This will be the second entry into the public market for Toys "R" Us, which was bought for $6.6 billion in 2005 under pressure of slumping sales. The company was taken private by the investor group owner, which is led by Bain Capital, Kohlberg Kravis Roberts & Co, and Vornado Realty Trust.
The company wants its stock to be listed on the New York Stock Exchange under the symbol "TOYS."
The offering's underwriters include Goldman Sachs, JPMorgan, Merrill Lynch, Credit Suisse, Deutsche Bank, Citigroup and Wells Fargo.
Toys "R" Us operates or licenses almost 1,600 stores, including Kids "R" Us, Babies "R" Us and FAO Schwarz. 
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
|
The Senate hearing will focus JPMorgan's recent $2 billion trading loss, which Dimon announced earlier this month. More |
The offer for mail handlers is part of the Postal Service's plan to cut 150,000 jobs by 2015. More |
In the whirlwind of its IPO fallout, there has been a sort of glee in watching the company stumble. What's driving the Facebook-schadenfreude and what can the social network do about it? More |
One in six children in the United States is obese. These small businesses have found creative -- and lucrative -- ways to fight the childhood obesity epidemic. More |
In Harper County, Kansas, oil companies are offering farmers up to $1,250 an acre for the mineral rights that allow them to drill for oil on their property. More |
.
