PHOENIX, Nov. 2, 2020 /PRNewswire/ -- Leslie's, Inc.
("Leslie's"), the largest and most trusted direct-to-consumer brand
in the U.S. pool and spa care industry, today announced the closing
of its initial public offering of 46,000,000 shares of common
stock. The offering consisted of 30,000,000 shares of common stock
issued and sold by Leslie's and 16,000,000 shares of common stock
sold by a parent entity of Leslie's (the "Selling Stockholder")
controlled by L Catterton and GIC. The secondary shares
included 6,000,000 shares sold following the exercise in full of
the underwriters' over-allotment option. All of the shares were
sold at an offering price of $17.00
per share. Leslie's did not receive any of the proceeds from the
sale of shares offered by the Selling Stockholder. The common stock
began trading on the Nasdaq Global Select Market under the ticker
symbol "LESL" on October 29,
2020.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and
BofA Securities acted as joint lead book-running managers for the
offering. Jefferies and Nomura also served as bookrunners for
the offering and Baird, Guggenheim Securities, Piper
Sandler, William Blair, Telsey Advisory Group, Loop Capital
Markets, Ramirez & Co., Inc., and AmeriVet Securities served as
co-managers.
A registration statement relating to this offering was declared
effective by the U.S. Securities and Exchange Commission (the
"SEC") on October 28, 2020. The
offering was made only by means of a prospectus, which was filed
with the SEC and is available on the SEC's website at www.sec.gov.
Copies of the final prospectus relating to this offering may be
obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus
Department, 200 West Street, New York,
NY 10282, by email at prospectus-ny@ny.email.gs.com, or by
telephone at (866) 471-2526; Morgan Stanley & Co. LLC, Attn:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at
prospectus@morganstanley.com; or BofA Securities, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte, NC 28255-0001, attention:
Prospectus Department, or via email:
dg.prospectus_requests@bofa.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Leslie's
Founded in 1963, Leslie's is the largest direct-to-consumer
brand in the U.S. pool and spa care industry, serving residential,
professional, and commercial consumers. Leslie's markets its
products through more than 900 physical locations and multiple
digital platforms. The company employs more than 5,000 associates,
pool and spa care experts, and experienced service technicians who
are passionate about empowering consumers with the knowledge,
products, and solutions necessary to confidently maintain and enjoy
their pools and spas.
Forward Looking Statements
This press release contains forward looking statements,
including statements regarding the initial public offering. These
statements are not historical facts but rather are based on
Leslie's current expectations and projections regarding its
business, operations and other factors relating thereto. Words such
as "may," "will," "could," "would," "should," "anticipate,"
"predict," "potential," "continue," "expects," "intends," "plans,"
"projects," "believes," "estimates" and similar expressions are
used to identify these forward looking statements. These statements
are only predictions and as such are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Actual results may differ materially from
those in the forward looking statements as a result of a number of
factors, including those in Leslie's registration statement filed
with the Securities and Exchange Commission.
Contacts
Investors
Farah
Soi/Caitlin Churchill
ICR
investorrelations@lesl.com
Media
Robert
Rendine/Jenny
Gore/David Isaacs
Sard Verbinnen & Co
media@lesl.com
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SOURCE Leslie’s, Inc.