April 18, 2014

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Article

Sportsman's Warehouse Announces IPO Price

Press Release

April 18, 2014

Midvale — Sportsman's Warehouse Holdings, Inc. has announced the pricing of its initial public offering of 12.5 million shares of its common stock at a price to the public of $9.50 per share, which consists of about 8.33 million shares of common stock sold by Sportsman's and about 4.17 million shares of common stock sold by affiliates of Seidler Equity Partners III, L.P..

The shares began trading on the NASDAQ Global Select Market under the symbol "SPWH" beginning April 17. The offering is expected to close on or about April 23, subject to customary conditions.

Sportsman's and Seidler have granted the underwriters a 30-day option to purchase up to an additional 468,750 shares from Sportsman's and an additional 1,406,250 shares from Seidler.

The net proceeds to Sportsman's, after deducting underwriting discounts and commissions and estimated offering costs, is expected to be approximately $70.3 million. Sportsman's intends to use all of the net proceeds to it from this offering to repay amounts outstanding under its term loans.

Credit Suisse and Goldman, Sachs & Co. will act as joint book-running managers and the representatives of the underwriters. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Piper Jaffray & Co., Wells Fargo Securities and D.A. Davidson & Co. will act as co-managers.

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