The cooler IPO: YETI Holdings sets terms for $400 million initial public offering

YETI Holdings, which sells high-end YETI brand coolers, drinkware and outdoor gear, announced terms for its IPO on Monday.

The Austin, TX-based company plans to raise $400 million by offering 20 million shares (88% secondary) at a price range of $19 to $21. At the midpoint of the proposed range, YETI Holdings would command a fully diluted market value of $1.7 billion.

YETI Holdings was founded in 2006 and booked $727 million in sales for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol YETI. BofA Merrill Lynch, Morgan Stanley, Jefferies, Baird, Piper Jaffray, Citi and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of October 22, 2018.

The article The cooler IPO: YETI Holdings sets terms for $400 million initial public offering originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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