- Healthcare apparel brand Figs Inc FIGS has announced the pricing of a secondary offering of 8.917 million shares of Class A common stock by its largest stockholder Tulco, LLC, and certain members of the company's management team, at $40.25 per share.
- The price represents a 1% discount to Figs' closing price of $40.66 on September 15, 2021.
- The underwriters have a 30-day option to purchase an additional 1.3 million shares of Class A common stock from the selling stockholders.
- Earlier, the selling stockholders planned to sell 8.8 million shares in the offering. The offering is expected to close on September 20, 2021.
- Figs will not receive any proceeds from the sale of shares in the offering.
- Price Action: FIGS shares are trading higher by 0.66% at $40.93 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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