WAYNE, N.J. (
Toys "R" Us
said Friday it has filed a preliminary registration statement with the
Securities and Exchange Commission
for a proposed initial public offering of its common stock.
Toys "R" Us said the offering will consist of newly issued shares sold by the company. The number of shares to be offered and the price range haven't yet been determined.
The toy retailer said it expects to use the proceeds from the offering to primarily pay down debt.
In the SEC filing, Toys "R" Us said it intends to list its stock on the
New York Stock Exchange
under the symbol "TOYS."
Toys 'R" Us was acquired in July 2005 by Bain Capital, Kohlberg Kravis Roberts and Vornado Realty Trust.
-- Reported by Joseph Woelfel in New York.
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