OneWater Marine's IPO | Summary and Q&A

TL;DR

One Water Marine, a leading boat retailer, recently went public with a strong IPO despite global instability, potentially indicating the resilience of the US economy.

Key Insights

• 🥺 One Water Marine is a leading and rapidly-growing boat retailer in the US, with a broad presence across multiple states.
• 👣 The company has a successful track record of profitable growth, driven by its acquisition strategy and diverse revenue models.
• 🍭 With its IPO, One Water Marine demonstrated investor interest despite global instability, potentially signaling confidence in the US economy.
• 😘 The pricing of the IPO at the lower end of the expected range suggests cautious market sentiment.
• 🛟 The coronavirus impact may have significant consequences for the economy, and One Water Marine's performance can serve as an indicator of its resilience.
• 🤨 One Water Marine's ability to raise funds through the IPO demonstrates investor confidence in its business model and growth potential.
• 🌱 The company's plans to redeem outstanding preferred units indicate a strategic approach to managing its capital structure.

Transcript

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Questions & Answers

Q: What does One Water Marine offer as a boat retailer?

One Water Marine provides a range of high-quality products and services, including new and pre-owned boats, parts, accessories, repairs, maintenance, financing, and insurance plans.

Q: How has One Water Marine achieved its growth?

The company has grown organically and through acquisitions, focusing on top-performing dealerships in attractive markets. Its diverse manufacturer and revenue models contribute to its success.

Q: How did One Water Marine perform in its IPO?

One Water Marine's IPO was priced at $12 per share, with strong trading starting at $15. The company raised $55.4 million through the sale of 4.6 million shares of its class a common stock.

Q: How might One Water Marine's performance reflect the US economy?

Given the global instability caused by the coronavirus, One Water Marine's performance as a non-essential business may serve as a barometer for investor attitudes and provide insights into the underlying US economy.

Summary & Key Takeaways

• One Water Marine is a premium boat retailer in the US, offering new and pre-owned boats, parts and accessories, financing, and maintenance services.

• The company has a successful history of organic growth and acquisitions, with a broad portfolio across 11 states.

• One Water Marine recently went public with an IPO priced at $12 per share, raising $55.4 million, and had a strong trading start.