Leslie’s files for IPO
Leslie’s is looking to enter the public arena.
The pool and spa supplies retailer has filed a preliminary prospectus for a $100 million initial public offering. Leslie's intends to list its common stock on the Nasdaq Global Market under the ticker symbol "LESL".
Founded in 1963, Leslie's is the largest direct-to-consumer brand in the U.S. pool and spa care industry. It has more than 900 physical locations and multiple digital platforms.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. Goldman Sachs & Co., Morgan Stanley & Co. and BofA Securities will serve as joint lead book-running managers for the proposed offering.
The company employs more than 5,000 associates, pool and spa care experts, and certified technicians who are passionate about empowering consumers with the knowledge, products, and solutions necessary to confidently maintain and enjoy their pools and spas.