MCBC Holdings (MCFT) IPO Opens Modestly Higher

Today's IPO for MCBC Holdings, Inc. (Nasdaq: MCFT) opened for trading at $15.50 after pricing 6,071,429 shares of its common stock at a price of $15.00 per share, the top end of the expected $13-$15 range.

Baird and Raymond James are acting as joint lead book-running managers for the offering, Wells Fargo Securities is acting as a book-running manager, and KeyBanc Capital Markets and Wunderlich are acting as co-managers.

Headquartered in Vonore, TN, MCBC Holdings, Inc. (Nasdaq: MCFT) is the parent of MasterCraft Boat Company, a world-renowned innovator, designer, manufacturer, and marketer of premium performance sport boats. Founded in 1968, MasterCraft has cultivated its iconic brand image through a rich history of industry-leading innovation, and more than four decades after the original MasterCraft made its debut the company’s goal remains the same—to continue building the world’s best ski, wakeboard and luxury performance powerboats.

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