Monday, March 26, 2018

YETI Drops Plans For IPO

Austin-based cooler and outdoors product maker YETI has dropped its planned IPO, according to a regulatory filing from the firm on Monday. YETI--which has had an S-1 IPO on file since July of 2016--said that it was withdrawing its IPO efforts due to "market conditions." YETI had been hoping to raise $100M in its IPO, and had been approved to trade on the New York Stock Exchange as "YETI".