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Feb. 7, 2020, 11:26 a.m. EST

OneWater Marine's stock speeds up 25% in its debut

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By Tomi Kilgore

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%.

/zigman2/quotes/214656772/composite
US : U.S.: Nasdaq
$ 14.75
-0.24 -1.60%
Volume: 44,634
May 29, 2020 4:00p
P/E Ratio
3.10
Dividend Yield
N/A
Market Cap
$89.80 million
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 36.73
+1.60 +4.55%
Volume: 9,290
May 29, 2020 3:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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