Sportsman’s Warehouse IPO Opens Nearly 14% Below Forecasted Range
Shares in the Midvale, UT-based chain of 49 outdoor specialty doors opened at $9.50 on Nasdaq this morning, raising $118.75 million in gross proceeds from the 12.5 million shares sold by majority investor Seidler Equity Partners and the retailer. The opening price for SPWH shares gave the retailer a market capitalization of $395.9 million. Shares ranged between $9.12 and $10.05 during the trading session, closing the day ... Log in to view full article.