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Latham & Watkins Advises Underwriters in Latham Group, Inc.’s IPO

April 28, 2021
Capital markets team represented the underwriters in the offering by the designer, manufacturer, and marketer of in-ground residential swimming pools.

Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, has closed its previously announced initial public offering of 20 million shares of its common stock, at a price to the public of US$19 per share. The Company also announced that the underwriters exercised in full their option to purchase an additional 3 million shares. The shares began trading on the Nasdaq Global Select Market on April 23, 2021, under the ticker symbol “SWIM.” Latham sold a total of 23 million shares in its initial public offering and received gross proceeds of approximately US$437 million.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Ian Schuman and Erika Weinberg, with New York associates Kaj Nielsen and Jackson Fountain.