EWCZ - European Wax Center launches stock offering

European Wax Center (NASDAQ:EWCZ) proposed underwritten public offering of 5,216,977 shares of its Class A common stock, including 2,851,617 shares of Class A common stock offered by certain selling stockholders affiliated with General Atlantic. Underwriters over-allotments is an additional 782,547 shares of Class A common stock. EWC intends to use the net proceeds from the offering to purchase an equivalent number of non-voting common units in EWC Ventures, LLC and corresponding shares of the Company’s Class B common stock. The selling stockholders will receive all of the net proceeds from the sale of shares of Class A common stock sold by them in the offering. The Company will retain no net proceeds from the offering.

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European Wax Center launches stock offering