Mister Car Wash, Inc.

Mister Car Wash, Inc. (MCW) priced its initial public offering on Jun 28, 2021 at $15.00 per share, within its $15.00–$17.00 range, raising $562.5M, and listed on NYSE. At the IPO price its market capitalization was about $4.44B. BofA Securities was lead-left underwriter, joined by Morgan Stanley, Goldman Sachs and Jefferies and others. Latham & Watkins advised the company and Simpson Thacher advised the underwriters.

Mister Car Wash, Inc. operates car wash locations and runs a monthly subscription membership program, the UWC program, whose members provide a significant portion of net revenue. The company emphasizes its team culture and employee training and benefits.

Status

IPO

Ticker

MCW

Exchange

NYSE

Priced

Jun 28, 2021

IPO price

$15.00

Price range

$15.00–$17.00

Raised

$562.5M

Market cap at IPO price

$4.44B

First filed

Jun 2, 2021

Underwriters

BofA Securities, Morgan Stanley, Goldman Sachs, Jefferies, BMO Capital Markets, UBS, Nomura, Piper Sandler, Loop Capital and R. Seelaus

Company counsel

Latham & Watkins

Underwriters' counsel

Simpson Thacher

Sector

Other

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.