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Fox Factory Holding Corp. Announces Closing of Initial Public Offering

SCOTTS VALLEY, Calif., Aug. 13, 2013 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (Nasdaq:FOXF) today announced the closing of its previously announced initial public offering of an aggregate of 9,857,143 shares of common stock at an initial offering price to the public of $15.00 per share, which shares include the exercise in full by the underwriters of their option to purchase 1,285,714 shares of common stock from the selling stockholders. FOX estimates that it received net proceeds of approximately $36.5 million, after deducting underwriting discounts and commissions and other estimated offering expenses, from the sale by it of 2,857,143 shares of common stock. FOX did not receive any proceeds from the sale of shares by the selling stockholders.

The shares began trading on the Nasdaq Global Select Market on August 8, 2013 under the ticker symbol "FOXF."

Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C. and Piper Jaffray & Co. acted as joint book-running managers for the offering. Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson Humphrey, Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, and CJS Securities, Inc. acted as co-managers.

The offering was made solely by means of a prospectus. A copy of the final prospectus related to the offering can be obtained from Robert W. Baird & Co. Incorporated at 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, Attention: Syndicate Department, telephone: (800) 792-2473 or email: [email protected]; William Blair & Company, L.L.C. at Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, telephone: (800) 621-0687, or email: [email protected]; or Piper Jaffray & Co. at Attention: Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, telephone: (800) 747-3924 or email: [email protected].

A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on August 7, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy 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 Fox Factory Holding Corp.

FOX is a designer, manufacturer and marketer of high-performance suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.

         Katie Turner
         [email protected]
Source: Fox Factory Holding Corp.
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