Hydrofarm holdings group announces closing of initial public offering and full exercise of underwriters' option to purchase additional shares

Petaluma, calif., dec. 14, 2020 (globe newswire) -- hydrofarm holdings group, inc. (“hydrofarm”) (nasdaq: hyfm), a leading independent branded hydroponics company with a comprehensive distribution platform, today announced the closing of its initial public offering of 9,966,667 shares of common stock, including the full exercise by the underwriters of their option to purchase 1,300,000 additional shares of common stock, at a price to the public of $20.00 per share. the shares are listed for trading on the nasdaq global select market under the ticker symbol “hyfm.” the net proceeds to hydrofarm from the offering, after deducting the underwriter discounts and commissions and estimated offering expenses, were approximately $182.5 million.
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