OneWater Marine Inc.'s stock /zigman2/quotes/214656772/composite ONEW -1.60% debuted with a bang Friday, as the first trade was at $15.02 at 11 a.m. Eastern for about 223,000 shares, or 25.2% above the $12 initial-public-offering price. The IPO priced at the low end of the expected range of $12 to $14, which was lowered from $18 to $20 last month. The stock has pared some gains since the opening, but was still up 24.8% in morning trading. The recreational boat retailer sold 4.6 million shares in the IPO to raise $55.4 million. The company went public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.55% has run up 17.4% over the past four months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has gained 8.2%.