Business
Leslie’s, Inc. Announces Secondary Offering of Shares
PHOENIX, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Leslie’s, Inc. (the “Company” or “Leslie’s”) (Nasdaq: LESL) today announced that certain of the Company’s
About this update from Leslie's, Inc.
[{"type":"text","content":"PHOENIX, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Leslie’s, Inc. (the “Company” or “Leslie’s”) (Nasdaq: LESL) today announced that certain of the Company’s stockholders (the “Selling Stockholders”), intend to offer for sale in an underwritten secondary offering 13,000,000 shares of the Company’s common stock (the “Offering”). The Selling Stockholders will also grant the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of common stock. The Selling Stockholders will receive all of the proceeds from the Offering. Leslie’s is not offering any shares of its common stock in the Offering and will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares. Morgan Stanley, Goldman Sachs & Co. LLC, and BofA Securities are acting as joint lead book-running managers and representatives of the underwriters for the Offering. Jefferies and Wolfe | Nomura Strategic Alliance are also serving as bookrunners for the Offering with Baird, Guggenheim Securities, Piper Sandler, Stifel, William Blair, Telsey Advisory Group, Loop Capital Markets, Ramirez & Co., Inc., and AmeriVet Securities serving as co-managers. The Offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the Offering can be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by email at [email protected], or by telephone at (866) 471-2526; or BofA Securities, NC1-004-03-43; 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department or by email at [email protected]. A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any 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 ...