Case Study: Fox Factory

Fox Factory Holding Corp.Baird Bought and Placed Over 4 Million Shares
to Provide Liquidity for FOXF Shareholders

  • Traded up 5.5% on its first day of trading post-offer
  • Baird priced the deal at a discount to last trade of 7.7%
  • Placed ~75% of the shares to new investors and allowed current holders to increase their positions
  • The offering provided $80mm+ of liquidity for holders Compass Group and Robert Fox
  • Baird’s institutional salesforce made over 400 calls to 150+ different investors
  • The transaction marked Baird’s third offering for Fox Factory since acting as the lead bookrunner on the initial public offering in 2013

Bought Deals are The New Reality

  • 45% of follow-on offerings YTD have been executed through bought deal transactions
  • Baird provides liquidity to existing shareholders by efficiently executing these transactions
  • Baird is increasing the existing shareholder base and adding new investors for issuers

Baird has participated in 6 bought deal offerings in 2016, raising nearly $1 billion

To learn more about Baird’s Equity Financing capabilities, click here.

 

Peter Kies
Peter Kies
Technology & Business Services
pkies@rwbaird.com
414-765-7262
Justin Holsen
Justin Holsen
Energy & Industrials
jholsen@rwbaird.com
414-298-7768
Lance Lange
Lance Lange
Healthcare
llange@rwbaird.com
414-765-7079
Chris Sciortino
Chris Sciortino
Consumer
csciortino@rwbaird.com
312-609-4923
Sandy Walter
Sandy Walter

Real Estate
swalter@rwbaird.com
414-298-5118