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Bluegreen Vacations Priced, NYSE: BXG

Sells timeshares and manages resorts in the US.

Industry: Consumer Discretionary

Latest Trade: $9.99 0.00 (0.0%)

First Day Return: -7.1%

Return from IPO: -28.6%

Industry: Consumer Discretionary

We are a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. Our resort network includes 42 Club Resorts and 24 Club Associate Resorts, which are primarily located in popular, high-volume, "drive-to" vacation locations, including Orlando, Las Vegas, Myrtle Beach and Charleston, among others. Through our points-based system, the approximately 210,000 owners in our Vacation Club have the flexibility to stay at units available at any of our resorts and have access to almost 11,000 other hotels and resorts through partnerships and exchange networks. We have a robust sales and marketing platform supported by exclusive marketing relationships with nationally-recognized consumer brands, such as Bass Pro and Choice Hotels, which drive sales within our core demographic. Historically, our business consisted of the sale of VOIs in resorts that we developed or acquired. We not also derive a significant portion of revenue from our capital-light business model, which includes sales of VOIs owned by third-party developers pursuant to which we are paid a commission, in addition to other fee-based services such as resort management, mortgage servicing, title services and construction management. We also offer financing to qualified VOI purchasers, which generates significant interest income.
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IPO News for Bluegreen Vacations
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IPO Data
IPO File Date 10/23/2017
Offer Price $14.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.5
Deal Size ($mm) $91
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/16/2017
Offer Price $14.00
Price Range $16.00 - $18.00
Offer Shares (mm) 6.5
Deal Size ($mm) $91
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Boca Raton, FL
Founded 1966
Employees 5,729
Website www.bluegreenvacations.com