Phoenix pool supplier looks to make a splash with IPO

Posted at 9:09 AM, Oct 09, 2020
and last updated 2020-10-09 12:09:48-04

PHOENIX — Phoenix-based pool and spa supply retailer Leslie’s Inc. has filed paperwork for its initial public offering.

The company appears to taking advantage of the increased demand in pools caused by the Covid-19 pandemic.

Leslie’s, which is owned by private equity firm L Catterton, set a placeholder amount of $100 million in its IPO filing with the SEC and did not disclose the size of its offering. A company press release said price and size are still to be determined. Reuters reported in August that the Leslie’s IPO could valued at more than $3 billion.

Read the full story at Phoenix Business Journal.