Curated News
By: NewsRamp Editorial Staff
November 18, 2025
Off The Hook YS Completes $15M IPO, Revolutionizing Yacht Wholesale Market
TLDR
- Off The Hook YS raised $15 million in its IPO, providing capital to expand market presence and gain competitive advantage in yacht wholesaling.
- Off The Hook YS completed its IPO of 3.75 million shares at $4 each, with proceeds allocated to servicing floorplan, marketing, debt repayment, and working capital.
- Off The Hook YS's IPO funding will enhance industry transparency and efficiency through technology, improving the yacht buying experience for customers.
- Off The Hook YS, a premier yacht wholesaler with $90 million in annual sales, successfully launched its IPO using AI tools to revolutionize boat transactions.
Impact - Why it Matters
This IPO represents a significant development in the marine industry as it brings public investment opportunities to a traditionally private sector. For investors, it offers exposure to a rapidly growing company that has demonstrated consistent performance with $90 million in annual sales and recognition as one of America's fastest-growing companies. The capital infusion will enable Off The Hook to expand its operations and enhance its technology platform, potentially driving further innovation in yacht transactions. For the broader marine industry, this public offering signals maturation and increased professionalization of the yacht wholesale market, which could lead to more transparent pricing and standardized practices across the sector. As consumer interest in recreational boating continues to grow, particularly post-pandemic, this development provides market participants with new investment avenues while potentially improving the overall customer experience in yacht purchasing through enhanced technology and expanded services.
Summary
Off The Hook YS (NYSE American: OTH), a premier yacht and boat wholesaler, has successfully completed its initial public offering, marking a significant milestone for the marine industry company. The IPO involved 3,750,000 shares priced at $4.00 per share, generating gross proceeds of $15 million before accounting for underwriting discounts and expenses. The company also granted underwriters a 45-day option to purchase up to 562,500 additional shares, potentially increasing the total capital raised. ThinkEquity served as the sole book-running manager for this offering, which represents a major step in Off The Hook's growth trajectory. The proceeds from this offering will be strategically allocated to service the company's floorplan financing, enhance advertising and marketing efforts for inventory, repay a promissory note, and provide essential working capital to support ongoing operations and expansion initiatives.
Off The Hook has established itself as a dominant player in the yacht and boat wholesale market, leveraging advanced technology and proprietary AI-assisted valuation tools to bring unprecedented transparency and efficiency to marine transactions. The company's data-driven sales platform has revolutionized how yacht sales are conducted, making it a go-to wholesaler in the industry. Over the past decade, Off The Hook has achieved remarkable growth, generating over $90 million in annual boat and yacht sales through its eight locations and team of more than 35 sales representatives who collectively transact on over 400 vessels each year. The company's impressive track record includes being named one of the 500 fastest-growing companies in the United States by Inc. 500 for two consecutive years and consistently ranking as a Top 100 Dealer in the USA by Boating Industry magazine. This success is built on a foundation of hiring highly skilled professionals who embody integrity and passion for the boating industry, prioritizing relationship-building and client satisfaction above all else.
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Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Off The Hook YS Completes $15M IPO, Revolutionizing Yacht Wholesale Market
