Mister Car Wash, Inc. (MCW) Prices 37.5M Share Offering at $15/sh

Mister Car Wash, Inc. (NYSE: MCW) today announced the pricing of its initial public offering of 37,500,000 shares of its common stock, with 31,250,000 shares being offered by Mister Car Wash and 6,250,000 shares being sold by selling stockholders, which include entities affiliated with Leonard Green & Partners, at a public offering price of $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange on June 25, 2021 under the ticker symbol “MCW.” The offering is expected to close on June 29, 2021, subject to the satisfaction of customary closing conditions.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 5,625,000 shares of common stock from certain selling stockholders at the initial public offering price, less underwriting discounts and commissions. Mister Car Wash will not receive any proceeds from any sale of shares by the selling stockholders.

BofA Securities, Morgan Stanley (in alphabetical order), Goldman Sachs & Co. LLC and Jefferies LLC are acting as joint lead book-running managers for the proposed offering. BMO Capital Markets Corp. and UBS Securities LLC are acting as joint book-running managers, and Nomura Securities International, Inc., Piper Sandler & Co., Guzman & Company, Loop Capital Markets LLC, Mischler Financial Group, Inc. and R. Seelaus & Co., LLC are acting as co-managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 24, 2021. The offering is being made only by means of a prospectus. When available, copies of the final prospectus may be obtained from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, [email protected], Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department, Telephone: (866) 471-2526, Email: [email protected] and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone: 1-877-821-7388 or by email: [email protected].

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