other material
confidence high
sentiment neutral
materiality 0.60
European Wax Center prices public offering of 5.2M shares at $26.25; selling stockholders to receive all proceeds
European Wax Center, Inc.
- Initial offering of 5,216,977 shares of Class A common stock at $26.25 per share, including 2,851,617 from selling stockholders.
- Underwriters exercised option for 782,546 additional shares; total offering closed at 5,999,523 shares on Nov 15, 2021.
- Company used net proceeds to purchase non-voting common units in EWC Ventures, LLC and corresponding Class B shares.
- Selling stockholders (General Atlantic affiliates) received all proceeds from their shares; company retained no net proceeds.