Hydrofarm Holdings Group Files Registration Statement for Proposed Initial Public Offering
13 November 2020 - 10:32AM
Hydrofarm Holdings Group, Inc. (“Hydrofarm”), a leading independent
branded hydroponics company with a comprehensive distribution
platform, today announced that it has filed a registration
statement on Form S-1 with the U.S. Securities and Exchange
Commission ("SEC") relating to a proposed initial public offering
of shares of its common stock. The number of shares to be offered
and the price range for the proposed offering have not yet been
determined. Hydrofarm intends to list its common stock on the
Nasdaq Global Market under the ticker symbol "HYFM".
J.P. Morgan and Stifel are acting as lead
book-running managers for the offering. Deutsche Bank Securities,
Truist Securities and William Blair are acting as book-running
managers for the offering.
The proposed offering will be made only by means
of a prospectus. Copies of the preliminary prospectus, when
available, may be obtained from: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by email at prospectus-eq_fi@jpmorgan.com or by telephone
at (866) 803-9204; or Stifel, Nicolaus & Company, Incorporated,
Attention: Prospectus Department, One Montgomery Street, Suite
3700, San Francisco, CA 94104 or by telephone at (415) 364-2720 or
by email at syndprospectus@stifel.com.
A registration statement on Form S-1 relating to
these securities has been filed with the SEC but has not yet become
effective. These securities may not be sold, nor may offers to buy
be accepted, prior to the time the registration statement becomes
effective. This press release does not constitute an offer to sell
or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About Hydrofarm Holdings Group,
Inc.
Hydrofarm is a leading independent distributor
and manufacturer of hydroponics equipment and supplies for
controlled environment agriculture, including high-intensity grow
lights, climate control solutions, and growing media, as well as a
broad portfolio of innovative and proprietary branded products. For
over 40 years, Hydrofarm has helped growers make growing easier and
more productive. The Company’s mission is to empower growers,
farmers and cultivators with products that enable greater quality,
efficiency, consistency and speed in their grow projects.
Contacts:
Media ContactCory Ziskind /
ICR(646) 277-1232Cory.Ziskind@icrinc.com
Investor ContactFitzhugh Taylor
/ ICRir@hydrofarm.com
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