Latham Group, Inc.

Latham Group, Inc. (SWIM) priced its initial public offering on Apr 26, 2021 at $19.00 per share, within its $19.00–$21.00 range, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.08B. Barclays was lead-left underwriter, joined by BofA Securities, Morgan Stanley and Goldman Sachs and others. Paul, Weiss advised the company and Latham & Watkins advised the underwriters.

Latham Group, Inc. designs, manufactures and markets in-ground residential swimming pools in North America, Australia and New Zealand. Its products include pools, pool liners and pool covers, sold through dealer partners with leads generated from direct marketing to homeowners.

Status

IPO

Ticker

SWIM

Exchange

Nasdaq Global Select

Priced

Apr 26, 2021

IPO price

$19.00

Price range

$19.00–$21.00

Market cap at IPO price

$2.08B

First filed

Mar 31, 2021

Underwriters

Barclays, BofA Securities, Morgan Stanley, Goldman Sachs, Nomura, William Blair, Baird, KeyBanc and Truist

Company counsel

Paul, Weiss

Underwriters' counsel

Latham & Watkins

Sector

Industrials & materials

Country / state

NY

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