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JOANN Priced, Nasdaq: JOAN

Multi-channel fabric and crafts retailer with 855 stores.

Industry: Consumer Discretionary

Latest Trade: $7.84 0.00 (0.0%)

First Day Return: +2.1%

Return from IPO: -34.7%

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.
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IPO News for JOANN
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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
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Company Data
Headquarters Hudson, OH
Founded 1943
Employees 27,700
Website www.joann.com