Web-based sporting goods retailer Fogdog Inc has filed with the Securities and Exchange Commission for an initial public offering of up to $60m worth of common stock. The company has also won an exclusive deal with footwear manufacturer Nike Inc to sell the Nike’s goods – something it hasn’t allowed any web-only stores to do in the past.
The deal, for which financial details were not disclosed, will also allow Nike to take an equity stake in Fogdog, reportedly of up to 12%. Redwood City, California-based Fogdog posted a loss of $4.1m last year on revenue of $765,000. Credit Suisse First Boston will act as lead underwriter for the IPO.
