Deals 03/12/2021

Loop Capital Markets participates as co-manager on the $131 million initial public offering of JOANN Inc.

On March 12, 2021, JOANN raised $131 million in an initial public offering by issuing 10.94 million shares at an offering price of $12.00.  Loop Capital Markets served as a co-manager on the deal.

JOANN intends to use the net proceeds from this offering to pay down outstanding borrowings on its credit facilities.