⁍ Leslie’s aimed to sell 40 million shares between $14 and $16 apiece.
⁍ The IPO values Phoenix, Arizona-based Leslie’s at $3.17 billion.
⁍ Rival Pool Corp reported record net sales for the third quarter.
– Leslie’s Inc. will begin trading on the Nasdaq stock market Thursday after pricing its initial public offering above its expected range, Reuters reports. The retailer of swimming pool supplies had planned to sell up to $680 million in stock. Shares are expected to start trading at $17 per share. Leslie’s is owned by private equity firm L Catterton and Singapore’s sovereign wealth fund GIC. The company has more than 900 locations across the US and sells products including above-ground pools, saunas, and pool chemicals.
Source: https://www.reuters.com/article/us-leslie-s-ipo/pool-supplies-retailer-leslies-ipo-prices-above-target-sources-idUSKBN27D372