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B&N plans GameStop IPO
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August 23, 2001: 1:13 p.m. ET
Barnes & Noble video game business to go public; SEC filing imminent
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NEW YORK (CNNfn) - Barnes & Noble Inc. announced plans Thursday for an initial public offering of its video game unit, GameStop.
New York-based Barnes & Noble (BKS: up $1.42 to $42.18, Research, Estimates) plans to file a registration statement either Friday or next Monday, a spokeswoman told CNNfn.com. The road show for the offering will begin in early fall, with the IPO expected sometime in the fourth quarter.
The bookseller declined to name underwriters, saying they will be revealed in the registration statement.
GameStop, formerly known as Babbage's, sells video games and software through 900 stores. Barnes & Noble bought the business in 1999 from a group led by Barnes & Noble CEO Leonard Riggio
Barnes & Noble cited the strong performance of GameStop, which reported Thursday that sales rose nearly 63 percent to $206.8 million in the second quarter. A portion of the proceeds will go to reducing inter-company debt and the rest to capitalize GameStop for the future, the company said. 
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