News Details

YETI Holdings, Inc. Announces Exercise of Over-Allotment Option

November 27, 2018

AUSTIN, Texas--(BUSINESS WIRE)-- YETI Holdings, Inc. (“YETI”) (NYSE:YETI) today announced that the underwriters of its previously announced initial public offering of common stock have exercised, in part, their option to purchase additional shares of common stock, in an amount of 918,830 shares, from the selling stockholders at the public offering price of $18.00 per share, less the underwriting discount. The sale of the additional shares is expected to close on November 28, 2018, subject to customary closing conditions.

The option to purchase additional shares was granted to the underwriters in connection with YETI’s initial public offering, which closed on October 29, 2018.

YETI will not receive any proceeds from the sale of shares by the selling stockholders.

BofA Merrill Lynch, Morgan Stanley, and Jefferies acted as lead book-running managers and as representatives of the underwriters. Baird, Piper Jaffray, Citigroup and Goldman Sachs & Co. LLC also acted as joint book-running managers. KeyBanc Capital Markets, William Blair, Raymond James, Stifel, and Academy Securities acted as co-managers.

A registration statement relating to the offering was declared effective by the Securities and Exchange Commission (the “SEC”) on October 24, 2018. A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website Copies of final prospectus may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by phone at 1-877-821-7388 or by email at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About YETI Holdings, Inc.

YETI is a rapidly growing designer, marketer, retailer, and distributor of a variety of innovative, branded, premium products to a wide-ranging customer base. Our brand promise is to ensure each YETI product delivers exceptional performance and durability in any environment, whether in the remote wilderness, at the beach, or anywhere else life takes you. We bring our products to market through a diverse and powerful omni-channel strategy, comprised of our select group of national and independent retail partners and our DTC channel. By consistently delivering high-performing products, we have built a following of engaged brand loyalists throughout the United States, Canada, Australia, and elsewhere, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. Our relationship with customers continues to thrive and deepen as a result of our innovative new product introductions, expansion and enhancement of existing product families, and multifaceted branding activities.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical or current fact included in this press release are forward-looking statements. Forward-looking statements include statements containing words such as “anticipate,” “assume,” “believe,” “can have,” “contemplate,” “continue,” “could,” “design,” “due,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “likely,” “may,” “might,” “objective,” “plan,” “predict,” “project,” “potential,” “seek,” “should,” “target,” “will,” “would,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operational performance or other events. For example, all statements made relating to the closing of the sale of shares referred to herein, estimated and projected costs, expenditures, and growth rates, plans and objectives for future operations, growth, or initiatives, or strategies are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected and, therefore, you should not unduly rely on such statements.

These forward-looking statements are made based upon detailed assumptions. While YETI believes that these assumptions are reasonable, YETI cautions that it is very difficult to predict the impact of known factors, and it is impossible for YETI to anticipate all factors that could affect actual results.

The forward-looking statements included here are made only as of the date hereof. YETI undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

Investor Relations:
Jean Fontana, 646-277-1214

Jennifer Davis, 646-677-1813

Alecia Pulman, 203-682-8224

Brittany Fraser, 646-277-1231

Source: YETI Holdings, Inc.