Recreational boat dealer OneWater Marine postpones $60 million IPO

OneWater Marine, a recreational boat dealership that owns and operates 63 stores in the US, postponed its IPO on Wednesday. It had filed to raise $60 million by offering 3.2 million shares at a price range of $18 to $20.

The Buford, GA-based company was founded in 2014 and booked $719 million in sales for the 12 months ended June 30, 2019. It had planned to list on the Nasdaq under the symbol ONEW. Goldman Sachs and Raymond James were set to be the joint bookrunners on the deal.

The article Recreational boat dealer OneWater Marine postpones $60 million IPO 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.

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