24/7 Wall St. Reports On Camping World Holdings Inc. And Their Initial Public Offering
Editor's Note: This news item was retrieved through 24/7 Wall St.'s website via Google.
Camping World Holdings Inc. has recently entered the market with its initial public offering of $22 per share for its 11.4 million shares. Camping World is known for its exclusive services within the RV industry and dominates about 1/3 of the customers within this market.
As 24/7 Wall St. writer Chris Lange reports in his article: "The company expects to use the net proceeds from this offering to repay its indebtedness, with the remainder being put toward working capital and general corporate purposes. CEO Marcus Lemonis said in a CNBC interview that the proceeds from this offering would be used to deleverage the company, which historically operates at three-times leverage."
Check this full article at 24/7 Wall St. right here.-MRV: The Buzz