Latham slides on 12 mln share offering
04/01/2022 22:04
** Pool maker Latham Group Inc's SWIM.O stock down ~8%
after hours on planned secondary
** Co launches 12 mln share offering urn:newsml:reuters.com:*:nGNX4MlbkT
** SWIM to use net proceeds to purchase shares primarily
from principal stockholders Pamplona Capital Management and
Wynnchurch Capital, and from insiders
** Barclays and BofA jt bookrunners for offering
** SWIM has ~119.85 mln shares outstanding, per Refinitiv
data
** Shares on Tues closed down 6.2% at $23.63 vs Apr IPO
price of $19
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))