- Kristopher Fraser |
Hylete, Inc., the fitness lifestyle company engaged in the design, development, manufacturing and distribution of premium performance apparel, footwear, and gear for men and women, has announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The price range is expected to be between 8 dollars and 10 dollars per share. Hylete intends to list its Class A common stock on The NYSE American under the ticker symbol "HYLT."
Maxim Group LLC will act as sole book-running manager and Westpark Capital, Inc. will act as co-manager for the proposed offering. The proposed offering will be made only by means of a prospectus.
Hylete was founded in 2012 by Ron L. Wilson and Matt Paulson. The company originally started off with one training short and grew into a full-scale apparel fitness line.
They have a successful history of raising money successfully conducting seven separate crowdfunding campaigns raising more than 9.77 million dollars from over 4,250 investors. Over the years they have acquired 165,000 customers.