Hydrofarm Holdings Group, which sells hydroponics and specialty indoor gardening supplies, raised $173 million by offering 8.7 million shares at $20, above the upwardly revised range of $17 to $18. The company originally planned to offer 8.7 million shares at a range of $14 to $16. At pricing, the company raised 14% more in proceeds than anticipated.
Hydrofarm Holdings Group plans to list on the Nasdaq under the symbol HYFM. J.P. Morgan, Stifel, Deutsche Bank, Truist Securities and William Blair acted as lead managers on the deal.
