Leslie's, Inc.

Leslie's, Inc. (LESL) priced its initial public offering on Oct 30, 2020 at $17.00 per share, raising $680M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $3.17B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, BofA Securities and Jefferies and others. Kirkland & Ellis advised the company and Latham & Watkins advised the underwriters.

Leslie's, Inc. is a pool and spa care company founded in 1963 that sells products and solutions to keep pools and spas clean, safe and ready for use. The excerpt includes a letter from CEO Michael Egeck marking the company's 57 years of serving consumers.

Status

IPO

Ticker

LESL

Exchange

Nasdaq Global Select

Priced

Oct 30, 2020

IPO price

$17.00

Raised

$680M

Market cap at IPO price

$3.17B

First filed

Oct 7, 2020

Underwriters

Goldman Sachs, Morgan Stanley, BofA Securities, Jefferies, Nomura, Baird, Guggenheim, Piper Sandler, William Blair, Telsey, Loop Capital and Ramirez & Co.

Company counsel

Kirkland & Ellis

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

AZ

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