Friday, April 18, 2014

Sportsman's Warehouse Up Slightly In IPO

Midvale, Utah-based Sportsman's Warehouse rose slightly in its first day on the public markets on Thursday, closing at $9.75 per share after its first day of trading. The company had priced at $9.50 per share Wednesday evening. The IPO was underwritten by Credit Suisse; Goldman, Sachs & Co.; Baird; William Blair; Piper Jaffray; Wells Fargo Securities; and D.A. Davidson & Co. The company said its net proceeds from the offering are expected to be around approximately $70.3M. Sportsman's Warehouse is a retailer of outdoor products. The company is now trading as SPWH on the NASDAQ Global Select Market.