E-COMMERCE

Sock maker Bombas will examine the initial public offering

Bombas, a maker of socks and other clothing, is studying the initial public offering of U.S. stocks, according to people who are aware of the case.

The New York-based company, Certified Corporation B, could continue listing as early as this year, said one person, asking for anonymity while discussing private talks. The firm has been in discussions with potential underwriters, people said. It was not possible to find out about Bombas’s purposeful assessment at once. The timing has not been definitively determined, and the retailer may remain private or use other alternatives.

Bombas representatives did not immediately respond to requests for comment.

The company, co-founded by Randy Goldberg and CEO David Heath, says it is donating clothing for every item purchased by customers, and has donated more than 50 million pieces of clothing to help the homeless, the website said.

Its investors include Great Hill Partners, Irving Investors, Vanterra Capital and Third Point Ventures, PitchBook data show.

Other B corporations such as Lemonade Inc., Allbirds Inc., AppHarvest Inc. and Vital Farms Inc., trade on U.S. stock exchanges. Certification of Sustainability of Corporation B is considered the global gold standard for companies that are not in the explicit green sector.

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https://www.businessoffashion.com/news/retail/sock-maker-bombas-to-explore-an-initial-public-offering/ Sock maker Bombas will examine the initial public offering

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