Direct-to-consumer brand Leslie’s closes out initial public offering (IPO)

by Dave Flaherty | November 10, 2020 6:02 pm

Leslie’s Inc. (Leslie’s), one of the largest direct-to-consumer brands in the U.S. pool and spa care industry, recently announced closing of its initial public offering (IPO) of 46 million shares of common stock.

The offering consisted of 30 million shares of common stock issued and sold by Leslie’s, and 16 million shares of common stock sold by a parent entity of Leslie’s controlled by L Catterton and GIC.

All of the shares were sold at an offering price of $17 per share, and the common stock began trading on the Nasdaq Global Select Market under the ticker symbol “LESL” on October 29, 2020.

Leslie’s serves residential, professional, and commercial consumers, marketing its products through more than 900 physical locations and multiple digital platforms.

The company employs more than 5000 associates, pool and spa care experts, and experienced service technicians.

Source URL: https://www.poolspamarketing.com/trade/news/direct-to-consumer-brand-leslies-closes-out-initial-public-offering-ipo/

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