Boot Barn Holdings shareholders looking to cash out 4 months after IPO

Boot Barn Holdings (NYSE: BOOT) announced earlier this week that J.P. Morgan Securities LLC, Piper Jaffray & Co. and Jefferies LLC, the joint book-running managers in the retailer’s recent public sale of 5,750,000 shares of common stock lifting the lock-up restriction on certain shareholders.

The given lock-up restriction applies to those shares of the company’s common stock held by certain stockholders, including certain directors of the retail group.

The release will take effect on February 25, 2015, and the shares may be sold on or after such date, clarified Boot Barn Holding in a communication issued Monday.

After the restriction was lifted, it was reported that Boot Barn Holdings Inc.’s private equity owner and a handful of other shareholders are keen on selling 100 million dollars worth of shares in the Western-style apparel and boots retailer just four months after the California-based company went public.

Several of the retailer’s shareholders, including Los Angeles-based private equity firm Freeman Spogli & Co., plan to part ways with 4.5 million shares in the follow-on offering, according to the filing with the US Securities and Exchange Commission (SEC).