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US shoemaker Cole Haan confidentially files for IPO

Cole Haan LLC disclosed Oct. 21 that it has confidentially filed its application with the SEC to launch an IPO of its common stock.

The U.S. shoemaker said it already submitted a draft registration statement on Form S-1 with the securities regulator, but it has yet to determine the number of shares to be offered and their corresponding price range.

Cole Haan said the listing is expected to take place after the completion of the SEC's review process, which is subject to market and other conditions.

The company's announcement confirms a report by Bloomberg News in August that said Cole Haan has tapped investment banks to help it with the IPO process.

Cole Haan currently has 307 stores across the world, of which 107 are in the U.S. The company's second-biggest market is South Korea, where it operates 22 outlets, according to its website.

The footwear maker and distributor was founded in 1928 and became a subsidiary of Nike Inc. in 1998 when the footwear giant acquired the business for $895 million. In 2012, private equity firm Apax Partners LLP offered to buy Cole Haan from Nike for about $560 million in cash. The deal was completed in February 2013.