Core Insights - Off The Hook YS Inc. is celebrating its recent IPO and listing on the New York Stock Exchange, marking a significant milestone for the company as it becomes the largest buyer and seller of pre-owned boats in America [1][3] - The company aims to modernize the marine industry by creating a technology-driven marketplace that enhances efficiency and scalability, moving away from traditional boat dealership models [3][6] - The upcoming bell-ringing event coincides with the New York Boat Show, symbolizing the connection between Wall Street and the maritime industry, and highlighting the growing investor confidence in the marine sector [2][5] Company Overview - Founded in 2012, Off The Hook YS Inc. operates in a market of approximately 1 million used boats and yachts sold annually in the U.S., utilizing proprietary AI-powered systems for efficiency and transparency [6] - The company has achieved over $100 million in annual boat purchases with a 5X inventory turn, positioning itself to lead the evolving $57 billion marine market [6] - Off The Hook's vertically integrated business model includes various subsidiaries such as Autograph Yacht Group, Azure Funding, Boats & Buyers, and We Buy Boats, enhancing its operational capabilities [6] Industry Context - The marine sector is experiencing a transformation as Off The Hook Yachts leverages technology to elevate boating from a historically fragmented marketplace into a scalable, data-driven industry [1][3] - The company's presence at the New York Boat Show from January 21–25, 2026, will facilitate networking with clients and marine professionals, further expanding its acquisition and brokerage network [4]
Off The Hook Yachts to Ring the Closing Bell at the New York Stock Exchange on the Eve of America’s Oldest Boat Show
Globenewswire·2026-01-16 13:30