Renaissance Capital logo

JOANN Priced, Nasdaq: JOAN

Multi-channel fabric and crafts retailer with 855 stores.

Industry: Consumer Discretionary

Latest Trade: $0.10 0.00 (0.0%)

First Day Return: +2.1%

Return from IPO: -99.2%

Industry: Consumer Discretionary

JOANN is the nation’s category leader in Sewing and one of the fastest growing players in the arts and crafts category. The Creative Products industry is a large and growing market, which according to a 2017 Association for Creative Industries (AFCI) study is in excess of $40 billion. The industry is currently experiencing a significant acceleration for product demand in response to multiple secular themes that have been further solidified during the COVID-19 pandemic, such as heightened DIY customer behavior, amplified participation from both new and existing customers and increased digital engagement, of which we are a key beneficiary because we have positioned ourselves and our go-forward strategies to capitalize on increased demand for Creative Products. As a well-established and trusted brand for over 75 years, we believe we have a deep understanding of our customers, what inspires their creativity and what fuels their incredibly diverse projects. Since 2016, we have embarked on a strategy to transform JOANN, which has helped us pivot from a traditional retailer to a fully-integrated, digitally-connected provider of Creative Products.
more less
IPO Data
IPO File Date 02/16/2021
Offer Price $12.00
Price Range $15.00 - $17.00
Offer Shares (mm) 10.9
Deal Size ($mm) $131
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/11/2021
Offer Price $12.00
Price Range $15.00 - $17.00
Offer Shares (mm) 10.9
Deal Size ($mm) $131
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Credit Suisse
more
Company Data
Headquarters Hudson, OH, United States
Founded 1943
Employees 27,700
Website www.joann.com

JOANN (JOAN) Performance