FOCS - Focus Financial prices stock offering at $57
Focus Financial Partners (NASDAQ:FOCS) has priced its offering of 3,084,210 shares of Class A common stock at $57.00/share. This amount includes 2.5M shares offered by Focus for its own account and 584,210 shares being offered on behalf of certain of the existing unitholders. Underwriters' over-allotment is an additional 462,631 shares. Net proceeds will be used to redeem units in Focus LLC from certain unitholders and for general corporate purposes. Closing date is December 20, 2021. Shares down 2.1% after-hours. Yesterday's close was $61.01. Previously (Dec. 15): Focus Financial Partners to issue 2.5M shares in direct offering
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Focus Financial prices stock offering at $57