Crocs, Inc. Announces Secondary Offering of 6,864,545 Shares of Common Stock

About this update from Crocs, Inc.

[{"type":"text","content":" NIWOT, Colo.--(BUSINESS WIRE)--\nCrocs, Inc. (“Crocs”) (Nasdaq: CROX) today announced that certain selling stockholders affiliated with The Blackstone Group Inc. have commenced a secondary offering of 6,864,545 shares of Crocs common stock.\n\n\nCrocs is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in the offering. In addition, none of Crocs’ officers or directors are selling any shares of common stock beneficially owned by them in the offering.\n\n\nMorgan Stanley is acting as the sole underwriter for the offering and proposes to offer the shares of common stock from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices.\n\n\nThe offering of these securities is being made pursuant to an effective shelf registration statement. The offering will be made only by means of a prospectus and prospectus supplement. A copy of the prospectus and prospectus supplement relating to these securities may be obtained, when available, from the website of the Securities and Exchange Commission (the “SEC”) at www.sec.gov or from: Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department.\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\n\nAbout Crocs, Inc.:\n\n\nCrocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The vast majority of shoes within Crocs’ collection contains Croslite™ material, a proprietary, molded footwear technology, delivering extraordinary comfort with each step.\n\n\nForward Looking Statements: \n\n\nThis news release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements r...

More updates from Crocs, Inc.