Hayward Holdings (HAYW) IPO Opens Flat

Today's IPO for Hayward Holdings, Inc. (NYSE: HAYW) opened for trading at $17 after pricing 40,277,778 shares of its common stock at a price to the public of $17.00 per share.

BofA Securities, Goldman Sachs & Co. LLC and Nomura are acting as joint lead bookrunning managers for the offering. Credit Suisse, Morgan Stanley, Baird, Guggenheim Securities and Jefferies are also acting as joint bookrunning managers. BMO Capital Markets, KeyBanc Capital Markets, William Blair, Houlihan Lokey and Moelis & Company are acting as co-managers.

Hayward Holdings, Inc. is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. Headquartered in Berkeley Heights, NJ, Hayward designs, manufactures, and markets a full line of innovative, energy-efficient pool and spa equipment, with brands including AquaVac®, AquaRite®, ColorLogic®, Navigator®, OmniLogic®, OmniHub™, TriStar®, Super Pump®, TurboCell®, pHin™, CAT Controllers®, HCP Pumps and Saline C® Series.

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