Cadre Holdings (CDRE) IPO Opens 15% Higher

Today's IPO for Cadre Holdings Inc. (NYSE: CDRE) opened for trading at $15 after pricing 6,000,000 shares of common stock at a public offering price of $13.00 per share.

Stifel, Raymond James and B. Riley Securities are acting as lead bookrunning managers for the offering. Stephens Inc. is also acting as a bookrunning manager. Roth Capital Partners and Lake Street are acting as co-managers.

Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety and survivability products for first responders. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The Company's core products include body armor, explosive ordnance disposal equipment, and duty gear. Our highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Our key brands include Safariland® and Med-Eng®, amongst others.

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