Baird served as a joint bookrunning manager on this offering
AboutYETI Holdings, Inc. (“YETI” or the “Company”) (NYSE: YETI), a portfolio company of Cortec Group, recently completed a follow-on offering of 9,500,000 shares of common stock at a price of $28.50 per share, generating gross proceeds of $270.8 million. All of the shares were offered by selling shareholders. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase an additional 1,425,000 shares.
YETI is a rapidly growing designer, marketer, retailer and distributor of a variety of innovative, branded, premium products to a wide-ranging customer base. The brand promise is to ensure each YETI product delivers exceptional performance and durability in any environment, whether in the remote wilderness, at the beach or anywhere else life takes you. The Company brings its products to market through a diverse and powerful omni-channel strategy, comprised of a select group of national and independent retail partners and a DTC channel. By consistently delivering high-performing products, YETI has built a following of engaged brand loyalists throughout the United States, Canada, Australia and elsewhere, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. The Company’s relationship with customers continues to thrive and deepen as a result of its innovative new product introductions, expansion and enhancement of existing product families and multifaceted branding activities. YETI is headquartered in Austin, Texas.
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- May 2019
- YETI Holdings, Inc.
- Target Location
- North America