other material
confidence high
sentiment neutral
materiality 0.65
European Wax Center announces secondary offering of 5.175M shares at $21.50 by selling stockholders
European Wax Center, Inc.
- Initial offering of 4,500,000 shares priced at $21.50 per share by selling stockholders.
- Underwriters exercised option for additional 675,000 shares, total 5,175,000 shares sold.
- Company will not receive any proceeds; selling stockholders include affiliates of General Atlantic.
- Offering closed May 24, 2022; joint bookrunners: BofA Securities, Morgan Stanley, Jefferies.
- Shares sold represent ~?% of outstanding; potential dilution to public float.