initial public offerings (IPOs) trading on American exchanges

Monday, August 30, 2021

Mister Car Wash (MCW) began trading on the NYSE on Fri 25 June 21

Mister Car Wash, which owns and operates more than 340 car washes across 21 states, filed to go public earlier this month. According to its SEC filing, the company washed 59.6 million cars between April 2020 and March 31 of this year. The company also operates a monthly subscription program — the Unlimited Wash Club — which had 1.4 million members at the end of the first quarter of 2021. Those subscriptions made up 62 percent of total wash sales in the latest period and 68 percent of total wash volume. 
  • Offered 37.5 million shares of common stock at $15 per share.  31,250,000 of those shares were offered by Mister Car Wash, while another 6,250,000 were sold by selling stockholders. 

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