Deal Details
Initial Public Offering
Summary
Baird served as a active bookrunning manager on this offering.
About
Duluth Holdings Inc. (“Duluth Trading” or the “Company”) (NASDAQ: DLTH) recently completed an initial public offering of 7,666,667 shares of Class B common stock at a price of $12.00 per share, generating gross proceeds of approximately $92.0 million. The Company will receive all net proceeds from the transaction and intends to repay borrowings under a short-term note, retail store expansion and for general corporate purposes.Duluth Trading is a rapidly growing lifestyle brand of men's and women's casual wear, workwear and accessories. The Company offers a comprehensive line of innovative, durable and functional products, such as Longtail T® shirts, Buck Naked™ underwear and Fire Hose® work pants. Duluth Trading products are sold exclusively through its omnichannel distribution network, consisting of its website, catalogs and seven retail and two outlet stores. Duluth Trading is headquartered in Belleville, Wisconsin.
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- Date
- November 2015
- Company
- Duluth Holdings Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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