By ABS-CBN News
Filipino sports retail company Toby’s Sports is considering an initial public offering (IPO) as well as onboarding partners or investors as they plan to expand to neighboring Southeast Asia.
At the sideline of the National Retail Conference and Expo in Pasay on Friday, Toby’s Sports Chairman Roberto Claudio said they were planning an IPO in 3 years in line with their plans to add more branches and venture into other businesses.
But aside from going public, he revealed that the company was in talks with another firm for a possible investment into Toby’s. He did not disclose the name of the company.
“What we want is a value added partner or investor or equity partner. Yung makakatulong mag-grow, hindi yung basta, ‘Eto pera, bahala ka na,’”said Claudio.
He said he also planned to bring Toby’s Sports abroad, particularly in Southeast Asia. This is still in the planning stage and he hopes to find a good partner overseas, he said.
Claudio is confident Toby’s Sports, which is named after his son, will grow further as more Filipinos are now into health and sports. He said the pandemic made the public more conscious about health and many of their products are always in demand.
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