Camping World Files For IPO

Camping World Holdings INC. filed for Initial Public Offering (IPO)

It is currently unclear where Camping World would list its shares on, but has filed that they would like to trade under CWH. 

The IP funds are said to partially be used to fund new retail locations. 

Currently there are numerous companies listed as underwriters for the offerings. They are: Stephens, Wells Fargo Securities, Keybanc Capital Markets, Baird, Credit Suisse, Merril Lynch, JPMorgan and Goldman Sachs. No pricing terms were disclosed.   

Camping World is one of the largest nonpublic revenue companies with over 120 locations throughout the United States. In 2015 alone, Camping World, reported $3.33 billion in revenue and over $178 million in profit. 

Currently, Camping World has over 3.1 million customers throughout the United States as they provide a wide range of products and services to consumers in the RV industry. From RV sales, repairs, parts, protection plans and more. 

Nationwide there are roughly 9 million households in the United states that own an RV and Camping World currently has over 3 million customers. 

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Friday, 26 May 2017

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