Snap One Holdings (SNPO) IPO Opens 11% Lower

Today's IPO for Snap One Holdings Corp. (NASDAQ: SNPO) opened for trading at $16 after pricing 13,850,000 shares of its common stock at $18.00 per share.

The offering is being made through an underwriting group led by Morgan Stanley, J.P. Morgan, Jefferies and UBS Investment Bank, who are acting as lead bookrunning managers; BMO Capital Markets, Raymond James, Truist Securities and William Blair, who are acting as bookrunning managers; and Drexel Hamilton, Penserra Securities LLC, R. Seelaus & Co., LLC and Siebert Williams Shank, who are acting as co-managers.

Snap One powers smart living by providing a suite of products, services and software to professional do-it-for-me (“DIFM”) integrators. Our customers include professional DIFM integrators who deliver personalized, immersive experiences to the end consumer. With more than 2,800 proprietary SKUs and a growing network of over 16,000 domestic DIFM integrators, Snap One combines an end-to-end product ecosystem and technology-enabled workflow solutions which allows integrators to focus on their trade while leveraging the tools and infrastructure we deliver to build thriving and profitable businesses.

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