Seelaus & Co., LLC. Academy Sports and Outdoors, a value-oriented sports and outdoor equipment retailer in the southern US, raised $203 million by offering 15.6 million shares at $13, well below the range of … The Texas-based sporting goods and outdoor recreation retailer announced today that it has set its initial public offering range at $15 to $17 each share. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. WordPress.com VIP. Academy Sports and Outdoors, Inc. Quote & Chart - Click for current quote - ASO With the IPO, Academy expects to grant the underwriters — including Credit Suisse, J.P. Morgan, KKR Capital Markets and BofA Securities — a 30-day option from the date of the prospectus to purchase up to an additional 2.34 million shares to cover any over-allotments. (Reporting by Chibuike Oguh; Editing by Sandra Maler) “I am proud of how our company has continued this commitment during the COVID-19 crisis, through our stores that remained open after being designated as an essential retailer and through our website and omnichannel capabilities — all proving valuable to our customers.”, He added, “We believe that we have a best-in-class value offering with localized merchandising and marketing, and a new store opening and growth strategy that sets us apart from our competitors. KATY, Texas, Sept. 24, 2020 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") today announced the launch of its initial public offering … Read full article. Update: Shares of Academy Sports and Outdoors opened Oct. 2 at $12.10 each, down nearly 7% from the IPO price of $13 per share, but had nearly recovered by … The calendar date referenced for each IPO is the expected pricing date. Athletic retailer Academy Sports is another hot IPO stock to watch. We estimate that we served 30 million unique customers and completed approximately 80 million transactions in 2019 across our seamless omnichannel platform and highly productive stores, resulting in net sales of $4.8 billion and making us the largest value-oriented sporting goods and outdoor recreation retailer in the country. Initial Public Offering pricing date. Academy Sports and Outdoors set the price range for its initial public offering at $15 to $17 a share, valuing the Katy retailer a $1.35 billion to $1.53 billion. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. KKR has owned Katy, Texas-based Academy Sports since 2011, growing revenue to more than US$4.9 billion from US$2.7 billion in 2010, according to the company's … In the filing, Academy estimated that it served 30 million customers and brought in sales of $4.8 billion for the 2019 fiscal year. Academy Sports had aimed to sell 15.6 million shares at a target price range of $15-$17 per share. KKR-Backed Academy Sports Falls 7% in Nasdaq Debut By Reuters , Wire Service Content Oct. 2, 2020 By Reuters , Wire Service Content Oct. 2, 2020, at 11:48 a.m. New IPO Academy Sports And Outdoors (ASO) Review Going Public 10/02/2020 2020-12 Admin academy sports and outdoors review - Comments Academy Sports + Outdoors is one of the nations largest sporting goods and outdoor stores. (ASO) raised $250 million in an initial public offering on Friday, October 2nd 2020. Academy Sports + Outdoors annual revenue was $4.83 b in FY 2019. Academy Sports did not respond to a request for comment. Academy, Ltd., doing business as Academy Sports + Outdoors, retails sports related products. KATY, Texas, Sept. 24, 2020 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") today announced the launch of its initial public … Academy Sports traces its roots to a single tire shop, which opened in San Antonio in 1938. The offering comes at a challenging time for the retail industry, which has been besieged with widespread bankruptcies and permanent store closures as a result of the coronavirus pandemic. *Note: Affiliates of KKR (Kohlberg Kravis Roberts) own in excess of 10 percent of our issued and outstanding common stock. Valuation stands at 1.1B. Academy Sports did not respond to a request for comment. Underwriters were granted a 30-day option from the date of the prospectus to purchase up to 2.34 million additional shares of its common stock at the IPO price. Academy Sports Outdoors is registered under the ticker NASDAQ:ASO . Academy Sports + Outdoors is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Want to read more articles like this one? Academy Sports and Outdoors (ASO) aims to raise $250 million in an IPO of its common stock, according to an S-1 registration statement. Academy Sports + Outdoors has launched an IPO. Academy Sports and Outdoors, Inc., in its first earnings report since going public, reported earnings rose 188 percent on an adjusted basis in the third quarter ended October 31 as revenues jumped 17.8 percent. IPO News. The company issued 15,600,000 shares at a price of $15.00-$17.00 per share. Shares of giant KKR & Co Inc (N: KKR) backed retailer opened at $12.10, compared with the IPO price of $13 apiece, valuing the company at $1.07 billion. The lead underwriters of the IPO are Credit Suisse, J.P. Morgan, KKR and BofA Securities. Read full article. Academy Sports stock made its Nasdaq debut in October at 13 a share. Originally founded in 1938 as a family business in Texas, we have grown to 259 stores across 16 contiguous states, primarily in the southern United States. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. With the IPO, Academy expects to grant the underwriters — including Credit Suisse, J.P. Morgan, KKR Capital Markets and BofA Securities — a 30-day option from the date of the prospectus to purchase up to an additional 2.34 million shares to cover any over-allotments. I've always liked the company and see them expanding all across the US. 1800 North Mason Road Katy, Texas 77449, Credit Suisse/ JPMorgan/ KKR/ BofA Securities/ Evercore ISI/ Guggenheim Securities/ UBS Investment Bank/ Wells Fargo Securities, Stephens, Inc./ Capital One Securities/ Loop Capital Markets/ CastleOak Securities, L.P./ Blaylock Van, LLC/ Cabrera Capital Markets/ Ramirez & Co., Inc./R. 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