Welcome to our dedicated page for Latham Group news (Ticker: SWIM), a resource for investors and traders seeking the latest updates and insights on Latham Group stock.
Latham Group, Inc. designs, manufactures and markets in-ground residential swimming pools, pool covers and liners across North America, Australia and New Zealand. Company news commonly covers quarterly results by product line, sales trends in in-ground pools, covers and liners, margin performance, debt leverage and annual guidance.
Recurring updates also address fiberglass and vinyl liner pool adoption, automatic safety covers, lean manufacturing and value engineering initiatives, growth in Sand States markets, and completed acquisitions such as Freedom Pools. Latham also announces consumer safety campaigns and swimming-related sponsorships tied to its residential pool and accessory portfolio.
Latham Group, Inc. announced the closing of its initial public offering (IPO) on April 27, 2021, of 20,000,000 shares at $19.00 each, raising approximately $437 million in gross proceeds. The underwriters exercised an option to buy an additional 3,000,000 shares, completing a total offering of 23,000,000 shares. Funds from the IPO will be used to reduce debt, purchase stock from principal stockholders, and cover offering-related expenses. The shares began trading on the Nasdaq under the ticker symbol 'SWIM' on April 23, 2021.
Latham Group announced its initial public offering (IPO) pricing of 20 million shares at $19 each. As the leading designer and manufacturer of in-ground residential pools in North America, Australia, and New Zealand, Latham plans to utilize the proceeds to repay debts and acquire shares from principal stockholders. The underwriters have an option for an additional 3 million shares. Trading is set to begin on Nasdaq on April 23, 2021, under the ticker symbol “SWIM,” and the offering is expected to close on April 27, 2021.
Latham Group, Inc. has initiated a roadshow for its proposed IPO, targeting 20,000,000 shares at an anticipated price of $19.00 to $21.00 each. As the largest in-ground residential swimming pool designer and manufacturer in North America, Australia, and New Zealand, Latham aims to list on Nasdaq under the symbol 'SWIM.' Proceeds from the offering will be utilized to reduce debt, acquire shares from principal stockholders and a non-executive employee, and cover offering costs. The offering is contingent on market conditions, with a 30-day option for underwriters to purchase an additional 3,000,000 shares.
Latham Group, Inc. has appointed Suzan Morno-Wade to its Board of Directors effective March 31, 2021. Currently the Chief Human Resources Officer at Xerox, Morno-Wade brings 20 years of leadership experience from various global companies including Hess and General Electric. CEO Scott Rajeski highlighted her expertise in human resources, which is expected to support Latham’s growth and transformational journey as a leader in fiberglass pools. Morno-Wade expressed enthusiasm for her new role and commitment to enhancing the company's human capital strategy.
Latham Group has filed a registration statement for its initial public offering (IPO) of common stock with the SEC. The number of shares and pricing details are yet to be determined. The company aims to list its stock on Nasdaq under the ticker symbol SWIM. The offering, which depends on market conditions, may not proceed as planned. Major financial institutions including Barclays, BofA Securities, Morgan Stanley, and Goldman Sachs are set to manage the offering. The registration statement has been submitted but is not yet effective, meaning shares cannot be sold until it is approved.