Academy Sports and Outdoors, Inc. | Stephens

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Academy Sports and Outdoors, Inc.

$203 Million 10/01/2020 Consumer Products & Retail Complete
Public Companies
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Transaction Details

  • On October 1, 2020, Academy Sports and Outdoors, Inc. (“Academy” or the “Company”) announced the pricing of its initial public offering of 15,625,000 shares of its common stock at a price to the public of $13.00 per share
    − Academy also granted the underwriters a 30-day option to purchase up to an additional 2,343,750 shares of its common stock
  • The Company’s shares are expected to begin trading on the Nasdaq Global Select Market on October 2, 2020, under the symbol “ASO”
  • Academy intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of certain indebtedness
  • Following the IPO, entities affiliated with Kohlberg Kravis Roberts & Co. L.P. (“KKR”) will beneficially own approximately 70% of the voting power of Academy’s common stock

About the company

Academy Sports and Outdoors, Inc.
Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 259 stores across 16 contiguous states, primarily in the southern United States. Academy’s product assortment focuses on key categories of outdoor, apparel, footwear, and sports & recreation through both leading national brands and a portfolio of 17 private label brands, which go beyond traditional sporting goods and apparel offerings.

Sources: Company filings and pressrelease
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  2. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Ex change Commission’s w ebsite at at the following link: A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.

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