Latham Group (SWIM) IPO Opens 30% Higher

Today's IPO for Latham Group, Inc. (NASDAQ: SWIM) opened for trading at $24.70 after pricing 20 million shares of its common stock at a price to the public of $19 per share.

Barclays, BofA Securities, Morgan Stanley and Goldman Sachs & Co. LLC are acting as representatives of the underwriters and bookrunning managers for the offering. Nomura, William Blair, Baird, KeyBanc Capital Markets and Truist Securities are also serving as bookrunners for the offering.

Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. With a coast-to-coast operations platform consisting of over 2,000 employees across 32 facilities, Latham has sold over 8,700 fiberglass pools in the United States in 2020.

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