Offering price comes at high end of talk for $13 to $15 per share
By Angela McDaniels
Tacoma, Wash., July 16 – MCBC Holdings, Inc. is selling $91.07 million of common stock in its initial public offering, or 6,071,429 shares for $15.00 each. The shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol “MCFT” on July 17.
In connection with the offering, the underwriters have been granted a 30-day option to purchase up to an additional $13.66 million of common stock, or 910,714 shares, from certain selling stockholders.
Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and Wells Fargo Securities, LLC are the bookrunners. KeyBanc Capital Markets Inc. and Wunderlich Securities, Inc. are the co-managers.
As reported on July 7, the company registered up to $104.73 million of stock for the deal and expected the public offering price to fall between $13.00 and $15.00 per share.
Proceeds will be used to repay credit facility debt and for general corporate purposes.
The Vonore, Tenn., company makes sport boats.
| Issuer: | MCBC Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $91,071,435
|
| Greenshoe: | $13,660,710
|
| Shares: | 6,071,429
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunners: | Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and Wells Fargo Securities, LLC
|
| Co-managers: | KeyBanc Capital Markets Inc. and Wunderlich Securities, Inc.
|
| Pricing date: | July 16
|
| Expected listing: | Nasdaq: MCFT
|
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