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Mister Car Wash Priced, NYSE: MCW

Leading national car wash brand with over 340 locations across the US.

Industry: Consumer Discretionary

Latest Trade: $6.95 0.00 (0.0%)

First Day Return: +35.3%

Return from IPO: -53.7%

Industry: Consumer Discretionary

Mister Car Wash is the largest national car wash brand, offering express exterior and interior cleaning services to customers across 344 car wash locations in 21 states, as of March 31, 2021. Founded in 1996, we employ an efficient, repeatable and scalable process, which we call the “Mister Experience,” to deliver a clean, dry and shiny car every time. The core pillars of the “Mister Experience” are providing elevated hospitality to our guests, delivering the highest quality car wash and ensuring the experience is quick and convenient. We offer a monthly subscription program, which we call Unlimited Wash Club (“UWC”), as a flexible, quick and convenient option for customers to keep their cars clean. As of March 31, 2021, we had 1.4 million UWC Members, and, in 2020 and the first quarter of 2021, UWC sales represented 62% and 62% of our total wash sales and 68% and 70% of our total wash volume, respectively. Our scale and 25 years of innovation allow us to drive operating efficiencies and invest in training, infrastructure and technology that improve speed of service, quality and sustainability and realize strong financial performance.
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IPO Data
IPO File Date 06/02/2021
Offer Price $15.00
Price Range $15.00 - $17.00
Offer Shares (mm) 37.5
Deal Size ($mm) $563
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/24/2021
Offer Price $15.00
Price Range $15.00 - $17.00
Offer Shares (mm) 37.5
Deal Size ($mm) $563
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
Morgan Stanley
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Company Data
Headquarters Tucson, AZ, United States
Founded 1996
Employees 5,750
Website mistercarwash.com

Mister Car Wash (MCW) Performance