OneWater Marine, a recreational boat dealership that owns and operates 63 stores in the US, raised $55 million by offering 4.6 million shares at $12, the low end of the range of $12 to $14, to command a market value of $166 million. The company relaunched its IPO last month after postponing in October 2019. It had originally planned to raise $60 million by offering 3.2 million shares at a price range of $18 to $20.
OneWater Marine plans to list on the Nasdaq under the symbol ONEW. Raymond James, Baird, and SunTrust Robinson Humphrey acted as lead managers on the deal.
