Business
European Wax Center, Inc. Announces Closing of Initial Public Offering
PLANO, Texas--(BUSINESS WIRE)-- European Wax Center (“EWC” or the “Company”) today announced the closing of its previously announced initial public offering
About this update from European Wax Center, Inc.
[{"type":"text","content":" PLANO, Texas--(BUSINESS WIRE)--\nEuropean Wax Center (“EWC” or the “Company”) today announced the closing of its previously announced initial public offering of 10,600,000 shares of its Class A common stock, including 1,684,794 shares of its Class A common stock sold by certain existing stockholders, at a price to the public of $17.00 per share. The shares began trading on the Nasdaq Global Select Market on August 5, 2021 under the ticker symbol “EWCZ.”\n\nEWC sold 8,915,206 shares of its Class A common stock and received gross proceeds of approximately $151.6 million from the offering.\n\nMorgan Stanley, BofA Securities, and Jefferies served as joint lead book-running managers and as representatives of the underwriters for the offering. Citigroup, Guggenheim Securities, Truist Securities and Baird served as bookrunners for the offering. Telsey Advisory Group, Academy Securities, Penserra Securities LLC and R. Seelaus & Co., LLC served as co-managers for the offering.\n\nA registration statement relating to this offering was declared effective by the Securities and Exchange Commission on August 4, 2021. This offering was made only by means of a prospectus, copies of which may be obtained from any of the following sources: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, 10014; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28555, Attention: Prospectus Department or by email at [email protected]; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by telephone at (877) 821-7388 or by email at [email protected].\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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\nForward Looking Statements\n\nThis press release includes \"forward looking information,\" including with respect to the initial public offering. These statements are made through the use of words or phrases such as “will”, “intend” or \"expect\" and similar words and ex...