Mister Car Wash (MCW) IPO Opens 26% Higher
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Today's IPO for Mister Car Wash, Inc. (NYSE: MCW) opened for trading at $18.90 after pricing 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.
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.
Headquartered in Tucson, Arizona, Mister Car Wash operates over 340 car washes nationwide. The Mister Car Wash brand is anchored in quality, friendliness and a commitment to creating memorable customer experiences. Mister Car Wash’s people are what make it successful and allow it to achieve these high standards. Mister Car Wash continues to focus on recruiting and retaining top talent, developing best-in-class training programs and investing in employee benefits to cultivate a positive company culture.
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