America's largest buyer and seller of pre-owned boats, Off the Hook Yachts, celebrated its recent IPO (November 2025) by ringing the Closing Bell at the New York Stock Exchange yesterday (20 January).
The occasion marks a significant milestone in the company's national expansion strategy, reflecting growing investor confidence in the marine sector and in finding ways to modernise how vessels are traded and financed.
Founded in 2012, Off the Hook is focused on building a scalable, technology-driven marketplace for the boating industry. The company's proprietary AI-powered systems and national acquisition model offers greater efficiency and transparency across technology, wholesale, brokerage, financing, asset recovery, repair and support yacht services.
The bell-ringing took place on the eve of the New York Boat Show – the oldest boat show in the United States – where Off the Hook will be in attendance to develop its acquisition and brokerage network.
“Ringing the Closing Bell at the New York Stock Exchange marked an important milestone for our company as we celebrated our recent IPO and listing, and I am grateful to our entire organisation for what we have built together,” said Jason Ruegg, founder and president of Off The Hook Yachts. “We have built a technology-driven marketplace that brings scale and efficiency to the marine industry, and we are proud to show how our platform differs from the traditional boat dealership model. Doing so on the eve of the New York Boat Show, the longest-running boat show in the country, made this moment especially meaningful for our team and for the industry as a whole.”
Off the Hook has amassed more than $100 million in boat purchases annually at an inventory turn of five (the number of times a company sells and replaces its stock in a year). The Group houses four vertically integrated business, including Autograph Yacht Group, Azure Funding, Boats & Buyers and We Buy Boats.