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Boat retailer OneWater Marine files for IPO

OneWater Marine Inc. has filed for an initial public offering, according to a Securities and Exchange Commission filing late Friday. The Georgia-based boating retailer filed to sell $100 million worth of shares, although that’s often a placeholder used to calculate filing fees. OneWater Marine said its revenue rose 54% to $602.8 million in fiscal 2018, compared with $391.5 million in fiscal 2017, and it earned $1.9 million last year versus a $4.3 million net loss in 2017. The company would list its shares on the Nasdaq under a yet-to-be-disclosed symbol. Underwriters include Goldman Sachs and Raymond James. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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