Track & Field requests for IPO registration after profit of $11mn

The sports goods and swimwear stores Track & Field requested registration for its initial public offering (IPO). With 231 stores, including its own and franchises, as well as e-commerce, Track & Field in 2019 had net sales of R$275 million ($61 million), 14% over the previous year. The profit rose 26.4% to R$ 51.1 million ($ 11 million).

Source: Reuters