SBD/19/Finance

ANTIGUA SPORTSWEAR TO HAVE IPO AND TRADE ON THE NASDAQ

          AZ-based sportswear company Antigua Group has filed
     plans with the SEC to sell 3 million shares in an IPO,
     according to Dawn Gilbertson of the ARIZONA REPUBLIC.  While
     the company would trade under the "proposed" NASDAQ symbol
     ANTGF, a "projected price range was not disclosed."   The
     timing of the IPO "is tied to the recent sale of the company"
     to Canadian-based Southamptom Enterprises.  Proceeds from the
     IPO, "which probably won't be completed until January, will
     be used to repay debt from the acquisition."  Antigua hopes
     to raise $15.5M after expenses, "which indicates an expected
     IPO price of about $6."  After the deal, company officials
     will own "about one-third" of Antigua.  Gilbertson reports
     that while Antigua sales have "been relatively flat the past
     few years," they have been "on an upswing this year."  In the
     "pipeline" for Antigua is "more celebrity endorsements," as
     it currently has deals with golfers Mark Brooks, Billy
     Mayfair and NBC golf announcers (ARIZONA REPUBLIC, 11/19).

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