Nike will bring IPO

IPO Investment

Mumbai-beauty brand retailer Nike is preparing to introduce its initial public offering (IPO) over the next two years. This information is given by the company’s top official. The company plans to double its revenue by the end of 2018-19 to Rs 1100 crores. For this, he is also introducing new brands.

Nike CEO and founder Phalguni Nair said, “We are preparing to present an IPO. But before you get the IPO, you have to go through many processes. We have appointed our internal auditor KPMG for this. The IPO is aimed at bringing in the year 2020. “Nair is a former investment banker whose expertise has been in the IPO. At present, the company has 22 outlets across the country. In the next 4 to 5 years, the company is planning to open 180 to 200 stores. Nair also said, “We want to make our domination in beauty and make-up area.