Private Equity

Latham Set To Go Public As Ipo Pricing Valued Swimming Pool Company At $2.3B

by marketwatch.com posted 4months ago 41 views
Latham Group Inc. is all set to go public Friday, as the New York-based in-ground residential swimming pools seller's initial public offering priced overnight, valuing the company at about $2.29 billion. The company sold 20 million shares in the IPO to raise $380 million. The IPO priced at $19 a share, at the low end of the expected range of between $19 and $20 a share. The stock is expected to begin trading on the Nasdaq under the ticker symbol "SWIM." Barclays, BofA Securities, Morgan Stanley and Goldman Sachs were the joint book-running managers.

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