Sportsman's Warehouse Holdings, a outdoor sporting goods retailer, announced terms for its IPO on Monday. The Midvale, UT-based company plans to raise $150 million by offering 12.5 million shares (33% insider) at a price range of $11 to $13. At the midpoint of the proposed range, Sportsman's Warehouse Holdings would command a fully diluted market value of $510 million.
Sportsman's Warehouse Holdings, which was founded in 1986 and booked $643 million in sales for the fiscal year ended February 1, 2014, plans to list on the NASDAQ under the symbol SPWH. Sportsman's Warehouse Holdings initially filed confidentially on December 11, 2013. Credit Suisse and Goldman Sachs are the joint bookrunners on the deal.
