Yeti Holdings Inc. on Tuesday announced that the underwriters of its previously announced initial public offering of common stock have exercised, in part, their option to purchase additional shares of common stock, in an amount of 918,830 shares, from the selling stockholders at the public offering price of $18.00 per share, less the underwriting discount. The sale of the additional shares is expected to close on November 28, 2018, subject to customary closing conditions.

The option to purchase additional shares was granted to the underwriters in connection with Yeti’s initial public offering, which closed on October 29, 2018.

Yeti will not receive any proceeds from the sale of shares by the selling stockholders.

BofA Merrill Lynch, Morgan Stanley, and Jefferies acted as lead book-running managers and as representatives of the underwriters. Baird, Piper Jaffray, Citigroup and Goldman Sachs & Co. LLC also acted as joint book-running managers. KeyBanc Capital Markets, William Blair, Raymond James, Stifel, and Academy Securities acted as co-managers.