The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November that it was postponing the IPO until 2023 or 2024, preferring instead to sell first a 2 percent stake to CVC Capital and HPS Investment Partners, giving the group a valuation of $12.7 billion in terms of enterprise value. ABG was reportedly seeking a valuation of around $10 billion through its planned IPO.

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