Skechers is considering various strategic options for its operations in Asia including a possible public offering on the Hong Kong Stock Exchange, says Bloomberg, quoting knowledgeable sources. An IPO could raise as much as $1.5 billion, according to the report, but Skechers would have to buy out first the shares of its partners in the region. The company currently has joint venture agreements with different partners in China, South Korea and Southeast Asia. In China alone, it has a 14-year-old deal with Luen Thai Enterprises that generated sales of $924.5 million in 2020, representing about 20 percent of Skechers’ total revenues. They continued to grow in the third quarter ended Sept. 30.

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