Gander Mountain Company (MM) (NASDAQ:GMTN)
Historical Stock Chart
From Sep 2019 to Sep 2024
Gander Mountain Company's Initial Public Offering Priced at
$16.00 Per Share
MINNEAPOLIS, April 21 /PRNewswire-FirstCall/ -- Gander Mountain Company today
announced the pricing of its initial public offering of 5,725,000 shares of its
common stock at a price of $16.00 per share. All of the shares are being sold
by Gander Mountain. In addition, Gander Mountain has granted the underwriters
a 30-day option to purchase up to an additional 858,750 shares at the initial
public offering price to cover over-allotments, if any. Gander Mountain's
common stock will be quoted on the Nasdaq National Market under the symbol
"GMTN" beginning on April 21, 2004.
Banc of America Securities LLC and William Blair & Company, L.L.C. are acting
as joint book-running managers and Piper Jaffray & Co. is acting as co-manager.
The offering is expected to close on April 26, 2004. Gander Mountain will use
the net proceeds of the offering to repay outstanding indebtedness.
A final prospectus for the offering may be obtained when available from Banc of
America Securities LLC, Capital Markets Operations (Prospectus Fulfillment
Department), 9 West 57th Street, New York, New York 10019, or by facsimile
request at 212-230-8540.
A registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on April 20, 2004. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy, nor
will there be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.
About Gander Mountain Company
Gander Mountain Company, headquartered in Minneapolis, Minnesota, is a leading
specialty retailer that caters to the needs of outdoor lifestyle enthusiasts,
with a particular focus on hunting, fishing and camping. Gander Mountain
stores offer competitively priced national, regional and owned brand outdoor
equipment, accessories, related technical apparel and footwear. There are
currently 66 Gander Mountain outdoor lifestyle stores in nine states --
Illinois, Indiana, Iowa, Michigan, Minnesota, New York, Ohio, Pennsylvania and
Wisconsin.
DATASOURCE: Gander Mountain Company
CONTACT: Sharon K. Link, Senior Vice President, Finance and
Administration of Gander Mountain Company, +1-952-830-8000; or Bob Burton of
IR Squared, +1-678-576-2991
Web site: http://www.gandermountain.com/