Hayward treads water after US$685m NYSE IPO

摘要

Investors showed some reluctance to pay up for shares in HAYWARD'S NYSE IPO despite the sponsor-backed pool equipment maker enjoying a strong sales boost through Covid-19. Late on Thursday, Hayward priced a full-size offering of 40.3m shares at US$17, or the bottom of the US$17-$19 marketing range, to raise US$685m. Bank of America, Goldman Sachs and Nomura led the offering.