News Details

YETI Holdings, Inc. Announces Pricing of Initial Public Offering

October 24, 2018

AUSTIN, Texas--(BUSINESS WIRE)-- YETI Holdings, Inc. (“YETI”) today announced the pricing of its initial public offering of 16,000,000 shares of common stock at a public offering price of $18 per share. 2,500,000 of the shares are being offered by YETI and 13,500,000 of the shares are being offered by certain selling stockholders. In addition, the underwriters have been granted a 30-day option to purchase up to 2,400,000 additional shares of common stock from the selling stockholders at the public offering price, less underwriting discounts.

The shares are expected to begin trading on The New York Stock Exchange on October 25, 2018, under the symbol “YETI.” The closing of the offering is subject to customary closing conditions and is expected to occur on October 29, 2018.

YETI intends to use the net proceeds from the offering to repay a portion of its outstanding credit facility. YETI will not receive any proceeds from the offering of shares by the selling stockholders.

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

A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on October 24, 2018. This offering is being made solely by means of a prospectus. Copies of final prospectus may be obtained, when available, 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 use of proceeds from the offering, the closing of the offering, 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.

For YETI Holdings, Inc.
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.