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