Initial Public Offering

Consumer
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.

For additional information about this transaction, please contact:

Andrew Martin +1 (704) 553-6615
Chris Sciortino +1 (312) 609-4923
Joe Pellegrini +1 (704) 553-6612
Peter Kies +1 (414) 765-7262
Terry Huffine +44 207 667-8430
Justin Holsen +1 (414) 298-7768
Consumer
Initial Public Offering
Date
November 2015
Company
Duluth Holdings Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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