Renaissance Capital logo

BOOT News

A tailored cut: Apparel retailer Duluth Holdings prices IPO below the range at $12

DLTH

Duluth Holdings, which sells Duluth brand work and outdoor apparel via its website, catalog and stores, raised $80 million by offering 6.7 million shares at $12, below the range of $14 to $16. Its valuation may have been pressured by recent weakness in retail stocks. Close peer and 2014 IPO Boot Barn (BOOT) has traded down over 50% in the past three months. The three...read more

Duluth Trading to begin trading: Retailer sets terms for $100 million IPO

DLTH

Duluth Holdings, which sells workwear and other apparel through its website, catalog and retail stores, announced terms for its IPO on Monday. The Belleville, WI-based company plans to raise $100 million by offering 6.7 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Duluth Holdings would command a fully diluted market value of $469 million...read more

Duluth Trading to begin trading: Workwear retailer files for a $115 million IPO

DLTH

Duluth Holdings, which sells workwear and casual apparel through its website, catalog and retail stores, filed on Tuesday with the SEC to raise up to $115 million in an initial public offering. The company primarily sells its clothing through www.duluthtrading.com. Duluth claims that its company is differentiated through a humorous marketing strategy that features...read more

US IPO Weekly Recap: Boots, barrels and busts

Four IPOs raised $1.2 billion during the past week, the third week in a row with five or less. Year-to-date, the IPO market has seen 235 initial public offerings raise $75 billion. The week's energy, health care, finance and consumer IPOs saw moderate returns, led by the year's largest and best-performing MLP, Shell Midstream Partners LP, which upsized its $920 million offering and...read more