If you were Fox Factory Holding Corp., how else would you celebrate your company’s initial public offering than with a snowmobile stunt in New York’s crowded Times Square?
Held in front of the NASDAQ Market site in Midtown Manhattan on Aug. 7 just before the market opened, a large crowd of onlookers and company officials were on hand to watch a professional rider jump a 15-foot gap to celebrate the company’s major financial milestone.
You can watch a video of the jump here; a news release from the company follows.
Fox Factory Holding Corp. ("FOX") today announced the pricing of its initial public offering of 8,571,429 shares of its common stock at an initial offering price to the public of $15.00 per share. Of the shares of common stock in the offering, FOX is offering 2,857,143 shares and certain stockholders of FOX, including Compass Group Diversified Holdings LLC (NYSE:CODI), are offering 5,714,286 shares. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,285,714 shares at the initial public offering price less underwriting discounts and commissions. FOX will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on August 8, 2013 under the ticker symbol "FOXF".
Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C. and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson Humphrey, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, and CJS Securities, Inc. are acting as co-managers.
The offering is being made solely by means of a prospectus, copies of which may be obtained from Robert W. Baird & Co. Incorporated at 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, Attention: Syndicate Department, telephone: (800) 792-2473 or email: firstname.lastname@example.org; William Blair & Company, L.L.C. at Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, telephone: (800) 621-0687, or email: email@example.com; or Piper Jaffray & Co. at Attention: Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, telephone: (800) 747-3924 or email: firstname.lastname@example.org.
A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on August 7, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.