Cadre Holdings, which provides safety and survivability equipment for first reponders, postponed its IPO on Thursday. It had filed to raise $125 million by offering 7.1 million shares at a price range of $16 to $19.
Following a near-record level of IPO activity in June and July, Cadre is the sixth IPO to postpone over the past two weeks.
Operating under the segments Safariland and Med-Eng, Cadre Holdings manufactures and distributes equipment for law enforcement, military personnel, bomb squads, competitive shooters, and more. Its products include body armor, explosive ordinance disposal equipment, uniforms, optics, holsters, boots, firearms, ammunition, and crowd control products.
The Jacksonville, FL-based company was founded in 2012 and booked $417 million in sales for the 12 months ended March 31, 2021. It had planned to list on the NYSE under the symbol CDRE. Stifel, Raymond James, Truist Securities, and Stephens Inc. were set to be the joint bookrunners on the deal.
