YETI Holdings (YETI) Files for $100M IPO

YETI Holdings, Inc. (Nasdaq: YETI) filed a registration with the U.S. SEC for an IPO of its common stock. The proposed maximum offering price is $100 million. The company plans to list on the NYSE under the ticker, YETI.

Underwriters are BofA Merrill Lynch, Morgan Stanley, Baird, Piper Jaffray, Jefferies, William Blair, KeyBanc Capital Markets, SunTrust Robinson Humphrey, Wells Fargo Securities, Raymond James, Stifel, and Academy Securities.

Financial commentary: The increasing demand for our innovative products is evidenced by our net sales growth from $89.9 million in 2013 to $468.9 million in 2015, representing a compound annual growth rate, or CAGR, of 128%. Over the same period, our operating income increased from $15.2 million to $127.9 million, representing a CAGR of 190%. See "Summary Consolidated Financial and Other Data" for year-by-year results, which reflect annual volatility not included in CAGR calculations.

YETI is a rapidly growing designer, marketer, and distributor of premium products for the outdoor and recreation market.

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