FOX is Going Public - Files $120 Million IPO
UPDATE - August 7, 2013: FOX completed its IPO today, announcing the pricing of 8,571,429 shares of common stock at $15 per share. The shares will be available on the Nasdaq Global Select Market on August 8, 2013 under the symbol "FOXF".
In a letter to employees, CEO Larry Enterline noted that at 6:30AM PT on August 8, members of the FOX team and Levi LaVallee will ring the NASDAQ bell. You can watch it on CNBC or Fox Business News.
July 8, 2013 - Ever wanted to invest in FOX? Well, you may be able to do just that in short order. Today, FOX Factory Holdings Inc, backed by Compass Diversified Holdings (who owns about 76% of the company), filed with the US Securities and Exchange Commission to raise up to $120 million in an initial public offering. The company has applied to list shares on NASDAQ under the symbol FOXF.
The preliminary prospectus, which you can read here (thanks for the shout out, FOX!), didn't say how many shares they plan to sell or the expected price. Of note, FOX reported a profit of $14.2 million in 2012. The company said it would use proceeds from the offering to repay debt totaling $52.9 million.
FOX redefines ride dynamics for ATVs, mountain bikes, motocross, off-road vehicles, snowmobiles, trucks and UTVs. In 1974, Bob Fox redefined the world of motocross suspension with the FOX AirShox and for over three decades, FOX's team of enthusiasts and professional athletes have been uniquely committed to redefining ride dynamics that improve your performance. Headquartered in Scotts Valley, CA, FOX's main manufacturing operations are located in Watsonville, CA, its Offroad Division and manufacturing in El Cajon, CA, and a Midwest Service Center in Baxter, MN. FOX distributes its products in more than 40 countries.