Sportsman's Warehouse Holdings prices IPO
17/04/2014 12:50
Sportsman's Warehouse Holdings, Inc. announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of USD 9.50 per share, which consists of 8,333,333 shares of common stock sold by Sportsman's and 4,166,667 shares of common stock sold by affiliates of Seidler Equity Partners III, L.P. The shares are expected to begin trading on The NASDAQ Global Select Market under the symbol "SPWH" beginning on April 17, 2014. The offering is expected to close on or about April 23, 2014, subject to customary conditions. In addition, Sportsman's and Seidler have granted the underwriters a 30-day option to purchase up to an additional 468,750 shares from Sportsman's and an additional 1,406,250 shares from Seidler. The net proceeds to Sportsman's, after deducting underwriting discounts and commissions and our estimated offering costs, is expected to be approximately USD 70.3 million. Sportsman's intends to use all of the net proceeds to it from this offering to repay amounts outstanding under its term loans. Credit Suisse and Goldman, Sachs & Co. are acting as joint book-running managers and the representatives of the underwriters. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Jaffray & Co., Wells Fargo Securities and D.A. Davidson & Co. are acting as co-managers.
17/04/2014 12:50
Sportsman's Warehouse Holdings, Inc. announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of USD 9.50 per share, which consists of 8,333,333 shares of common stock sold by Sportsman's and 4,166,667 shares of common stock sold by affiliates of Seidler Equity Partners III, L.P. The shares are expected to begin trading on The NASDAQ Global Select Market under the symbol "SPWH" beginning on April 17, 2014. The offering is expected to close on or about April 23, 2014, subject to customary conditions. In addition, Sportsman's and Seidler have granted the underwriters a 30-day option to purchase up to an additional 468,750 shares from Sportsman's and an additional 1,406,250 shares from Seidler. The net proceeds to Sportsman's, after deducting underwriting discounts and commissions and our estimated offering costs, is expected to be approximately USD 70.3 million. Sportsman's intends to use all of the net proceeds to it from this offering to repay amounts outstanding under its term loans. Credit Suisse and Goldman, Sachs & Co. are acting as joint book-running managers and the representatives of the underwriters. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Jaffray & Co., Wells Fargo Securities and D.A. Davidson & Co. are acting as co-managers.
