OneWater Marine (ONEW) IPO Opens Higher

Today's IPO for OneWater Marine Inc. (NASDAQ: ONEW) opened for trading at $15.02 after pricing 4,615,385 shares of its Class A common stock at $12.00 per share.

In addition, OneWater granted the underwriters a 30-day option to purchase up to an additional 692,308 shares of OneWater’s Class A common stock at the initial public offering price, less underwriting discounts and commissions.

Raymond James, Baird and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering.

OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 63 stores throughout 11 different states, eight of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.

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