Yeti's initial public offering on the stock exchange didn't go as well as expected. Its shares were initially priced at $18, below the target range of $19 to $21, and the price declined to $17 and has remained at that level, valuing the company at around $1.5 billion. Also, the American supplier of coolers managed to sell only 16 million out of the 20 million shares it had offered. Out of those, 13.5 million were sold by existing shareholders, including Cortec, which remains the biggest shareholder with 54.6 percent of the voting shares. Yeti already tried to go public in March but gave up, citing unfavorable market conditions.
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