Solo Brands, Inc.

Solo Brands, Inc. (DTC) priced its initial public offering on Oct 29, 2021 at $17.00 per share, within its $14.00–$17.00 range, raising $219.4M, and listed on NYSE. At the IPO price its market capitalization was about $1.61B. BofA Securities was lead-left underwriter, joined by J.P. Morgan, Jefferies and Citigroup and others. Latham & Watkins advised the company and Ropes & Gray advised the underwriters.

Solo Brands, Inc. is a direct-to-consumer platform operating four outdoor lifestyle brands: Solo Stove, Oru Kayak, ISLE Paddle Boards and Chubbies apparel. It develops products and sells them directly to customers, mainly through e-commerce channels.

Status

IPO

Ticker

DTC

Exchange

NYSE

Priced

Oct 29, 2021

IPO price

$17.00

Price range

$14.00–$17.00

Raised

$219.4M

Market cap at IPO price

$1.61B

First filed

Oct 4, 2021

Underwriters

BofA Securities, J.P. Morgan, Jefferies, Citigroup, Credit Suisse, Piper Sandler, William Blair and Academy Securities

Company counsel

Latham & Watkins

Underwriters' counsel

Ropes & Gray

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.