Academy Sports & Outdoors, Inc.

Academy Sports & Outdoors, Inc. (ASO) priced its initial public offering on Oct 2, 2020 at $13.00 per share, below its $15.00–$17.00 range, raising $203.1M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.15B. Credit Suisse was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Evercore ISI and others. Simpson Thacher advised the company and Latham & Watkins advised the underwriters.

Academy Sports & Outdoors, Inc. is a full-line sporting goods and outdoor recreation retailer in the United States, selling through stores and an omnichannel platform with a value-oriented assortment. It served about 30 million customers in 2019 and reported net sales of $4.8 billion.

Status

IPO

Ticker

ASO

Exchange

Nasdaq Global Select

Priced

Oct 2, 2020

IPO price

$13.00

Price range

$15.00–$17.00

Raised

$203.1M

Market cap at IPO price

$1.15B

First filed

Sep 9, 2020

Underwriters

Credit Suisse, J.P. Morgan, BofA Securities, Evercore ISI, Guggenheim, UBS, Wells Fargo, Capital One, Loop Capital, Blaylock Van, Cabrera and Ramirez & Co.

Company counsel

Simpson Thacher

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.