Skechers Trading Volume Surges 151 to 411th Rank as 3G Capital Completes 94 Billion Buyout and Delisting

Skechers USA, Inc. (NYSE:SKX) closed Thursday with a 0.00% change, while trading volume surged 151.13% to $230 million, ranking 411th in market activity. The stock is now set for delisting after 26 years of public trading following a $9.4 billion private buyout led by 3G Capital. The transaction, which received all required regulatory approvals, will close on September 12, offering shareholders either $63 in cash per share or a combination of $57 cash plus equity in a newly formed private parent company.

The deal represents one of the largest private equity transactions in the footwear sector. 3G Capital aims to leverage its operational expertise to drive global growth, innovation, and infrastructure investments for Skechers. The company, founded in 1992, has expanded to over 170 countries and maintains partnerships with high-profile athletes and celebrities. Its highest closing price of $78.24 was recorded on January 30, 2025.

The delisting decision follows market challenges including declining sales and pandemic-driven disruptions. By transitioning to private ownership, Skechers seeks to focus on long-term strategic initiatives without public market scrutiny. The transaction underscores a broader industry trend of companies pursuing privatization to enhance operational flexibility and long-term growth potential.

The deal structure includes a cash component slightly above the current stock price. Shareholders will retain the option to receive equity in the new private entity, reflecting the acquirer's confidence in Skechers' future performance. The transaction marks a strategic milestone for the brand as it navigates evolving market dynamics.