HAYW News

A total of 32 companies entered the public market this past week, with the week’s 7 IPOs joined by one direct listing and 24 SPACs. In the largest US IPO of the year to date, Coupang (CPNG) upsized and priced above the upwardly revised range to raise $4.6 billion at a $62.9 billion market cap. The largest e-commerce player in Korea, Coupang nearly...read more

Hayward Holdings, a leading supplier of pool equipment and systems, raised $685 million by offering 40.3 million shares (45% secondary) at $17, the low end of the range of $17 to $19. Hayward states that it is an industry-leading global designer, manufacturer, and marketer of a broad portfolio of pool equipment and associated automation systems, supported by a large installed...read more

Updated Monday, 3/8. Seven IPOs and one direct listing are currently scheduled for the week ahead. Korean e-commerce giant Coupang (CPNG) plans to raise $3.4 billion at a $51.0 billion market cap. A leading player in its market, the company nearly doubled revenue in 2020 and has expanded its margins in recent years. Coupang is unprofitable, and...read more

Hayward Holdings, a leading supplier of pool equipment and systems, announced terms for its IPO on Wednesday. The Berkeley Heights, NJ-based company plans to raise $725 million by offering 40.3 million shares (45% insider) at a price range of $17 to $19. At the midpoint of the proposed range, Hayward Holdings would command a fully diluted market value of $4.4 billion. ...read more