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Fender launches $200m IPO

Maker of legendary guitars strummed by Buddy Holly, Jimi Hendrix and Eric Clapton has filed flotation papers in New YorkFender Musical Instruments, the maker of legendary guitars strummed by the likes of Buddy Holly, Jimi Hendrix and Eric Clapton, has filed for a $200m (£125m) flotation in New York.Founded in 1946 by Leo Fender, the company created the Telecaster and Stratocaster guitars in the 1950s.The "Strat" – a favourite of Hendrix and scores of others – went on sale in 1954. It had a...

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18:00 on March 8 2012

Fender launches $200m IPO

Guardian Music — Maker of legendary guitars strummed by Buddy Holly, Jimi Hendrix and Eric Clapton has filed flotation papers in New YorkFender Musical Instruments, the maker of legendary... more info