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Message
YETI puts IPO plan on ice
Posted on 3/28/18 at 4:35 pm
Posted on 3/28/18 at 4:35 pm
LINK
quote:
(Reuters) - Yeti Holdings Inc YETI.N, a U.S. maker of “built-for-the-wild” coolers, said on Monday it has withdrawn its initial public offering, citing current “market conditions”.
The company, which had filed in July 2016 to list on the New York Stock Exchange, did not give details about the “market conditions”.
The U.S. markets have been tumultuous this year. A massive selloff - prompted by fears of rising U.S. inflation - wiped out over $4 trillion in global stock market capitalization earlier this year.
Last week, the markets were gripped by fears of global trade war after U.S. President Donald Trump moved to impose tariffs on Chinese imports of up to $60 billion.
Austin, Texas-based Yeti was founded by brothers Roy and Ryan Seiders, two sportsmen who decided to make coolers for the luxury outdoor market rather than for mass discount retailers.
In 2012, they sold majority ownership in Yeti to private equity firm Cortec Group Management Services LLC.
Bank of America Merrill Lynch, Morgan Stanley, Robert W Baird & Co Inc and Piper Jaffray & Co were among the underwriters to the IPO.
17
Posted on 3/28/18 at 4:36 pm to Jim Rockford
Are $400 ice coolers losing their luster?
Posted on 3/28/18 at 4:36 pm to Jim Rockford
quote:
luxury outdoor market rather than for mass discount retailers
Guess going to Academy = living a life of luxury
Get on my level, baws
Posted on 3/28/18 at 4:40 pm to Jim Rockford
quote:
did not give details about the “market conditions”.
Not a lot of color there.
Posted on 3/28/18 at 4:42 pm to TU Rob
I was hoping to get a YETI stock certificate sticker for my pickup.
Posted on 3/28/18 at 4:44 pm to Jim Rockford
This IPO has been on-going for damn near two years now.
Retail has kinda shite the bed over the last year - no way would they have gotten the price they would have gotten twelve months ago.
I also wonder if they got an offer for another round. I seem to recall they only did the one PE round about half a decade ago.
Retail has kinda shite the bed over the last year - no way would they have gotten the price they would have gotten twelve months ago.
I also wonder if they got an offer for another round. I seem to recall they only did the one PE round about half a decade ago.
This post was edited on 3/28/18 at 4:45 pm
Posted on 3/28/18 at 4:50 pm to Paul Allen
quote:
Are $400 ice coolers losing their luster?
I guess building an “indestructible” cooler isn’t a good long term business plan.
Posted on 3/28/18 at 4:51 pm to Croacka
Works out well for the ice doe...
Posted on 3/28/18 at 4:52 pm to Jim Rockford
Damn them, they just froze my future investment plans.
Posted on 3/28/18 at 4:52 pm to Paul Allen
quote:
Are $400 ice coolers losing their luster?
Yep. When you can get New Coolors for 1/3 that price.
Posted on 3/28/18 at 4:53 pm to Jim Rockford
i tried to tell them the $40 buckets were a bad idea
Posted on 3/28/18 at 4:58 pm to Jim Rockford
Whoever filed their patent should've been taken out back, if they haven't already.
Posted on 3/28/18 at 5:02 pm to TU Rob
quote:
Not a lot of color there
Would you say there was a lack of colors?
Posted on 3/28/18 at 5:10 pm to Jim Rockford
They just patented a $10 disposable styrofoam cup. Give it another quarter or two. Exploding revenues will make the existing IPO target price seem like a penny stock.
Posted on 3/28/18 at 5:12 pm to GetBackToWork
quote:
$10 disposable styrofoam cup
IWBI
Posted on 3/28/18 at 5:22 pm to Jim Rockford
I heard they are coming out with a Yeti refrigerator magnet which will revolutionize the refrigerator magnet market. Its only $35 too.
Posted on 3/28/18 at 5:29 pm to Jim Rockford
quote:
luxury outdoor market
This post was edited on 3/28/18 at 5:31 pm
Posted on 3/28/18 at 5:37 pm to Paul Allen
The coolers I purchased from no colors work great
Posted on 3/28/18 at 5:45 pm to Jim Rockford
Posted on 3/28/18 at 7:37 pm to Jim Rockford
Market conditions have really been better. Nice try
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