OneWater Marine sets IPO pricing terms


OneWater Marine Inc, a recreational boat retailer, has priced its IPO of over 3.1 million shares at a price between $18 and $20. The stock will trade on the NASDAQ under the ticker symbol “ONEW.” Raymond James and Goldman Sachs are the lead underwriters.

PRESS RELEASE

BUFORD, Ga.–(BUSINESS WIRE)–OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater”) announced today that it has launched an initial public offering of 3,157,895 shares of its Class A common stock at an anticipated initial offering price between $18.00 and $20.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). In addition, OneWater intends to grant the underwriters a 30-day option to purchase up to an additional 473,684 shares of OneWater’s Class A common stock at the initial public offering price, less the underwriting discount and commissions. OneWater plans to list its Class A common stock on the NASDAQ Global Market under the ticker symbol “ONEW.”

Goldman Sachs & Co. LLC and Raymond James are acting as joint book-running managers and SunTrust Robinson Humphrey and B. Riley FBR are acting as co-managers for the proposed offering.

The offering of these securities will be made only by means of a prospectus. A copy of the preliminary prospectus may be obtained from:

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, New York 10282
Phone: +1-866-471-2526
prospectus-ny@ny.email.gs.com

Raymond James & Associates, Inc.
Attention: Equity Syndicate
880 Carillon Parkway
St. Petersburg, Florida 33716
Phone: +1-800-248-8863
prospectus@raymondjames.com

About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and fastest-growing premium recreational boat retailers in the United States. OneWater operates 63 stores throughout 11 different states, eight of which are in the top twenty states for marine retail expenditures. OneWater offers a broad range of products and services and has diversified revenue streams, which include the sale of new and pre-owned boats, parts and accessories, finance and insurance products, maintenance and repair services and ancillary services such as boat storage.