Sportsman's Warehouse Holding (SPWH) IPO Opens Flat

April 17, 2014 10:36 AM EDT

The IPO for Sportsman's Warehouse Holding (NASDAQ: SPWH) opened for trading at $9.50 after pricing 12,500,000 shares of its common stock at a price to the public of $9.50 per share. The offering consists of 8,333,333 shares of common stock sold by Sportsman's and 4,166,667 shares of common stock sold by affiliates of Seidler Equity Partners III, L.P. Shares have continued lower since opening to $9.34, down 1.7%.

In addition, Sportsman's and Seidler have granted the underwriters a 30-day option to purchase up to an additional 468,750 shares from Sportsman's and an additional 1,406,250 shares from Seidler.

Credit Suisse and Goldman, Sachs & Co. are acting as joint book-running managers and the representatives of the underwriters. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Jaffray & Co., Wells Fargo Securities and D.A. Davidson & Co. are acting as co-managers.

Sportsman's Warehouse is a high-growth outdoor sporting goods retailer focused on meeting the everyday needs of the seasoned outdoor veteran, the first-time participant and every enthusiast in between. Our mission is to provide a one-stop shopping experience that equips our customers with the right hunting, shooting, fishing and camping gear to maximize their enjoyment of the outdoors.



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