Posted August 06 , 2021
CHARLOTTE, N.C., July 27, 2021 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (“Snap One”), a provider of smart living products, services and software to professional integrators, today announced the pricing of its initial public offering of 13,850,000 shares of its common stock at $18.00 per share. Shares of Snap One’s common stock are expected to begin trading on the Nasdaq Global Select Market on July 28, 2021 under the symbol “SNPO,” and the offering is expected to close on July 30, 2021, subject to customary closing conditions. Snap One and selling shareholders have granted the underwriters a 30-day option to purchase a total of up to an additional 2,077,500 shares of common stock at the initial public offering price less the underwriting discounts and commissions.
Snap One intends to use the net proceeds from the offering to repay a portion of the term loan under its credit agreement plus accrued interest thereon as well as for general corporate purposes.
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