Fortune Reports On Camping World's Initial Public Offering Success That Raised $251 Million Thanks To Baby Boomers
Camping World recently raised $251 million in its initial public offering. This success was a result of the many baby boomers that are retiring and going on the road full time in their RVs; they are the biggest buyers of motorized homes. The money they raised will be used to cover their long term debts and for other purposes.
As Fortune writer Reuters relates in the article: "Camping World generated about $3.3 billion in sales last year, up from $1.5 billion in 2011. It will use proceeds from the IPO to pay down its $695 million in long-term debt and for general corporate purposes. Camping World will trade on the New York Stock Exchange under the ticker “CWH” as of Friday."
Check this full article at Fortune right here.
-MRV: The Buzz