Snap One Prices IPO At Lower End Of Estimated Range, Trading Begins Today

Smart living products, services, and software provider Snap One Holdings Corp (NASDAQ:SNPO) priced 13.85 million shares at $18 per share in its initial public offering.
It had expected to price its IPO at $18 to $21 per share.
The estimated gross proceeds are $249.3 million.
Shares of Snap One are likely to begin trading on the Nasdaq under the symbol "SNPO" today.
The underwriters have a 30-day option to purchase up to additional 2.1 million shares.
The offering proceeds will be used to repay a portion of the term loan under its credit agreement plus accrued interest thereon and general corporate purposes.

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