Malibu Boats Prices IPO Of 7.14 Mln Class A Shares At $14, Midpoint Of Range

(RTTNews) - Sport boat manufacturer Malibu Boats, Inc. announced the pricing of its initial public offering of 7.14 million shares of Class A Common Stock at $14.00 per share, the midpoint of the estimated range of $13 to $15. The offering is expected to close on February 5, 2014.

Malibu Boats is offering 6,743,744 shares and the selling stockholders are offering 399,114 shares.

In connection with the offering, Malibu Boats and selling stockholders granted underwriters a 30-day option to buy additional 1.07 million shares of Class A Common Stock to cover over-allotments, if any.

The Loudon, Tennessee-based company shares plans to list on the NASDAQ under the ticker symbol "MBUU."

Raymond James and Wells Fargo Securities are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey and BMO Capital Markets are acting as co-managers.