Bookrunners William Blair, Baird, Raymond James, BMO assist with sale
By Devika Patel
Knoxville, Tenn., Nov. 20 – Duluth Holdings Inc. said on Thursday that it priced its $80 million initial public sale of stock with a $12 million greenshoe.
The company will sell 6,666,667 class B common shares at $12.00 apiece.
William Blair & Co., LLC, Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and BMO Capital Markets Corp. are the bookrunners.
Settlement is expected Nov. 25.
Proceeds will be used to repay debt under a short-term note, for retail store expansion and for general corporate purposes.
The Belleville, Wis., company sells men’s and women’s casual wear, workwear and accessories. It intends to list its common stock on the Nasdaq under the symbol “DLTH.”
| Issuer: | Duluth Holdings Inc.
|
| Issue: | Class B common stock
|
| Amount: | $80 million
|
| Greenshoe: | $12 million, or 1 million shares
|
| Shares: | 6,666,667
|
| Price: | $12.00
|
| Warrants: | No
|
| Bookrunners: | William Blair & Co., LLC, Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and BMO Capital Markets Corp.
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 25
|
| Stock symbol: | Nasdaq: DLTH
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
