(Reporting by Chibuike Oguh; Editing by Sandra Maler) Since 2017, the Securities and Exchange Commission has allowed all companies to file early IPO paperwork without having to make the details public. Underwriters were granted a 30-day option from the date of the prospectus to purchase up to 2.34 million additional shares of its common stock at the IPO price. Academy, Ltd., doing business as Academy Sports + Outdoors, retails sports related products. 1800 North Mason Road Katy, Texas 77449, Credit Suisse/ JPMorgan/ KKR/ BofA Securities/ Evercore ISI/ Guggenheim Securities/ UBS Investment Bank/ Wells Fargo Securities, Stephens, Inc./ Capital One Securities/ Loop Capital Markets/ CastleOak Securities, L.P./ Blaylock Van, LLC/ Cabrera Capital Markets/ Ramirez & Co., Inc./R. Academy Sports Stock Falls Below $13 IPO Price in First Day of Trading Oct. 2, 2020 at 1:27 p.m. The SCOOP ratings should not be taken as investment advice. This description is not intended to be a recommendation to buy stock from this company. With the IPO, Academy expects to grant the underwriters — including Credit Suisse, J.P. Morgan, KKR Capital Markets and BofA Securities — a 30-day option from the date of the prospectus to purchase up to an additional 2.34 million shares to cover any over-allotments. In the filing, Academy estimated that it served 30 million customers and brought in sales of $4.8 billion for the 2019 fiscal year. Academy Sports’ COVID-driven IPO Retail | Sep 25, 2020 In anticipation of Academy Sports & Outdoors’ upcoming IPO, we analyzed the retailer’s market share, channel performance, the impact of its geographic profile, and shopper cohorts including recipients of the federally granted stimulus check. Valuation stands at 1.1B. Academy Sports Stock Falls Below $13 IPO Price in First Day of Trading Oct. 2, 2020 at 1:27 p.m. Academy Sports and Outdoors Inc. is going public. MEDIA-KKR's Academy Sports confidentially files for IPO - Bloomberg News. (ASO) raised $250 million in an initial public offering on Friday, October 2nd 2020. The offering comes at a challenging time for the retail industry, which has been besieged with widespread bankruptcies and permanent store closures as a result of the coronavirus pandemic. IPO News. KATY, Texas, Sept. 24, 2020 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") today announced the launch of its initial public offering … The summary historical consolidated financial data of Academy Sports and Outdoors, Inc. has not been presented, as Academy Sports and Outdoors, Inc. is a newly incorporated entity, has had no business transactions or activities to date other than in connection with its formation and this offering and had no assets or liabilities during the periods presented in this section. Academy Sports and Outdoors Inc. is going public. Academy Sports and Outdoors, a US sports and outdoor equipment retailer, announced terms for its IPO on Wednesday. An employee helps load an item into a truck outside an Academy Sports + Outdoors store in Orlando, Fla. With Fit Analytics, data fuels not just personalized recommendations but an individual shopping experience. Academy Sports Stock. Academy Sports + Outdoors is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Academy Sports did not respond to a request for comment. It plans to sell 15.625 million shares of its common stock, which will be listed on the NASDAQ Global Select Market under the ticker symbol “ASO.” The Texas-based sporting goods and outdoor recreation retailer announced today that it has set its initial public offering range at $15 to $17 each share. *Note: Affiliates of KKR (Kohlberg Kravis Roberts) own in excess of 10 percent of our issued and outstanding common stock. Academy Sports Outdoors is registered under the ticker NASDAQ:ASO . The lead underwriters of the IPO are Credit Suisse, J.P. Morgan, KKR and BofA Securities. The firm will update this as it gets closer to the IPO date. Academy Sports and Outdoors set the price range for its initial public offering at $15 to $17 a share, valuing the Katy retailer a $1.35 billion to $1.53 billion. ET by Barron's Academy Sports shares fall after trading debut The number of shares … Academy Sports and Outdoors has filed to raise $250 million in an IPO. Update: Shares of Academy Sports and Outdoors opened Oct. 2 at $12.10 each, down nearly 7% from the IPO price of $13 per share, but had nearly recovered by … Academy Sports + Outdoors is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Initial Public Offering pricing date. About Academy Sports and Outdoors, Inc. (adapted from Academy Sports and Outdoors, Inc. prospectus): They are one of the leading full-line sporting goods and outdoor recreation retailers in the United States. When did Academy Sports and Outdoors IPO? Academy, Ltd., doing business as Academy Sports + Outdoors, retails sports related products. Academy Sports And Outdoors Finalizes $250 Million IPO Plan (NASDAQ:ASO) Donovan Jones Sep. 25, 2020 1:17 PM ET Orphazyme: Recent Weakness Presents A … Seelaus & Co., LLC. Affiliates of KKR &Co. KKR, -0.94% own more than 10% of Academy Sports' shares. They are already generating positive cash flows and feel the valuation will grow massively. Academy Sports + Outdoors Reports Record-Breaking Third Quarter 2020 Sales and Earnings - Net sales of $1.35 billion, a 17.8% increase over … Academy's proposed maximum aggregate offering price is nearly $305.47 million. This description is adapted from prospectus. Academy Sports + Outdoors annual revenue was $4.83 b in FY 2019. It plans to sell 15.625 million shares between $15 and $17 apiece. Academy Sports had aimed to sell 15.6 million shares at a target price range of $15-$17 per share. Want to read more articles like this one? Retail isn't particularly a hot sector but Academy Sports is everywhere and just had an IPO last week under the radar. The firm will update this as it gets closer to the IPO date. The Katy, TX-based company plans to … KKR has owned Katy, Texas-based Academy Sports since 2011, growing revenue to more than US$4.9 billion from US$2.7 billion in 2010, according to the company's website and a statement announcing the deal. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. MEDIA-KKR's Academy Sports confidentially files for IPO - Bloomberg News. The company operates a network of sporting goods and outdoor products retail stores in the southern region of the U.S. Academy Sports traces its roots to a single tyre shop, which opened in … Academy's proposed maximum aggregate offering price is nearly $305.47 million. Academy Sports did not respond to a request for comment. Academy Sports had aimed to sell 15.6 million shares at a target price range of $15-$17 per share. KKR has owned Katy, Texas-based Academy Sports since 2011, growing revenue to more than $4.9 billion from $2.7 billion in 2010, according to the company’s website and a statement announcing the deal. Powered by Academy Sports and Outdoors, a value-oriented sports and outdoor equipment retailer in the southern US, raised $203 million by offering 15.6 million shares at $13, well below the range of … Academy Sports did not respond to a request for comment. © 2020 Fairchild Publishing, LLC, a subsidiary of Penske Business Media, LLC.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. Please fill out this field with valid email address. Academy Sports and Outdoors, a Katy, Texas-based discount sporting goods chain with about 260 stores, mainly in the southern states, has filed preliminary paperwork with the Securities and Exchange Commission for an initial public offering. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. KATY, Texas, Sept. 24, 2020 /PRNewswire/ -- Academy Sports and Outdoors, Inc. 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