YETI Holdings, which sells high-end YETI brand coolers, drinkware and outdoor gear, withdrew its plans for an initial public offering on Monday, citing market conditions. It originally filed in July 2016 with a proposed deal size of $100 million, although we estimated at the time that it could have raised as much as $500 million.
The Austin, TX-based company was founded in 2006 and booked $608 million in sales for the 12 months ended March 31, 2016. It had planned to list on the NYSE under the symbol YETI. BofA Merrill Lynch, J.P. Morgan, Baird, Piper Jaffray, Jefferies and William Blair were set to be the joint bookrunners on the deal.
