RV retailer Camping World has announced plans for its upcoming IPO.
Here are a few things to know about the Camping World IPO, as collected from Nasdaq.
- The company is looking to raise $250 million.
- The IPO will include 11.4 million shares.
- The Camping World IPO will have shares priced between $21 to $23.
- If the midpoint is reached, the market value would be $1.8 billion.
- The company is planning to use “CWH” as its stock symbol.
- Underwriters for the IPO are Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and Credit Suisse.
- The stock is expected to price the week of Oct. 3, 2016.
Follow this link to learn more about the Camping World IPO.
Camping World was founded in 1966 and is based in Lincolnshire, Illinois. It acts as the holding company for two businesses. The first is the RC retail division of the same name. The second is named Good Sam and it acts as a membership club for RV owners.
Camping World and FreedomRoads, which was owned by Marcus Lemonis, merged together in 2006. It later merged with Good Sam Enterprises in 2011. Lemonis is now the CEO of the company. The goal of the mergers were to increase operating efficiency and better position the company to compete against other top RV retailers, reports Seeking Alpha.
Camping World reported sales of $3.3 billion during 2015. This was a 25% increase over sales it reported from the prior year. Sales reported by the company in the last 12 months have come in at $3.512 billion. The RV company currently has 120 retail locations across 36 states. This makes it the largest U.S. retailer of RVs and products related to them.
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