Fender Musical Instruments Corp. has set the expected price range for its initial public offering. According to its latest S-1/A registration statement filed with the SEC, there will be 10,714,286 shares of common stock sold in the IPO at an estimated price range of $13.00 to $15.00 per share, for an IPO of $160.7 million at the top end of the range. Fender is planning to sell 7.1 million shares in the offering, and private equity firm Weston Presidio is planning to sell 3.6 million shares in the offering, and up to another 1.6 million in the over-allotment option, if it is exercised. At $14.00, the midpoint of the pricing range, the IPO market cap would be $369 million.
JP Morgan is the lead left book-running manager of the offering, and William Blair is the joint-book running manager. Baird, Stifel Nicoluaus Weisel and Wells Fargo are co-managers of the offering.
Link to Fender's latest S-1/A registration statement on file with the SEC:
http://www.sec.gov/Archives/edgar/data/767959/000119312512296698/d293340ds1a.htm
JP Morgan is the lead left book-running manager of the offering, and William Blair is the joint-book running manager. Baird, Stifel Nicoluaus Weisel and Wells Fargo are co-managers of the offering.
Link to Fender's latest S-1/A registration statement on file with the SEC:
http://www.sec.gov/Archives/edgar/data/767959/000119312512296698/d293340ds1a.htm
