Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Toys 'R' Us files $800 million IPO

By Julianne Pepitone, staff reporter

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. To top of page

Search for Jobs

Index Last Change % Change
Dow 18,169.27 -53.76 -0.30%
Nasdaq 5,283.40 -26.43 -0.50%
S&P 500 2,143.16 -8.17 -0.38%
Treasuries 1.76 -0.01 -0.28%
Data as of 7:49am ET
Company Price Change % Change
Chesapeake Energy Co... 6.11 -0.25 -3.93%
Under Armour Inc 32.89 -5.01 -13.22%
Freeport-McMoRan Inc... 10.55 0.37 3.63%
Bank of America Corp... 16.72 -0.05 -0.30%
Apple Inc 118.25 0.60 0.51%
Data as of Oct 25


Donald Trump has repeatedly said he pays "tremendous" amounts in taxes, but when it comes to his properties, he fights to pay as little tax as possible. And that often comes with a cost to the towns or cities where Trump owns property. More

Food shortages, recession, skyrocketing inflation and a plummeting currency are just a few issues causing Venezuela to dive deeper into crisis. More

Apple's sales declined for the third consecutive quarter, but the company expects to grow again next quarter. More

People flying on Delta can now use the company's app to see where their luggage is in its journey to its final destination. More