Yeti Coolers prices IPO at $400M; much of the proceeds destined for PE firm’s pockets


Yeti Coolers LLC seeks to raise about $400 million in an initial public offering.

Parent company Yeti Holdings Inc. filed Monday new federal securities paperwork with more pricing information ahead of a potential IPO.

Much of the money raised in an IPO would go to Yeti's private equity backer, and skeptics have raised questions about whether the Austin-based consumer goods company has fully rebounded from a sluggish 2017.

Yeti said in the new filing it intends to sell 2.5 million shares of common…

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