- Leslie's Inc LESL has announced a secondary offering of 13 million shares of its common stock by certain of its stockholders.
- Leslie's will not receive any proceeds from the offering.
- The selling stockholders will also grant the underwriters a 30-day option to buy up to an additional 1.9 million shares.
- Morgan Stanley, Goldman Sachs & Co. LLC, and BofA Securities are acting as joint lead book-running managers and representatives of the underwriters for the offering.
- Leslie's had 189.77 million shares of common stock outstanding as of September 10, 2021.
- Price Action: LESL shares are trading lower by 11.29% at $22.09 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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