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PRPL - Purple Innovation prices secondary stock offering at $30
Purple Innovation Inc.
Purple Innovation (PRPL) has priced its secondary public offering of ~7.31M Class A shares at $30.00/share.Underwriters' over-allotment is an additional ~1.1M shares. The Selling Stockholders will receive all of the net proceeds from the offering.Closing date is May 21. BofA Securities is lead book–running manager. KeyBanc Capital Markets and BMO Capital Markets are acting as book-running managers.Shares down 4.3% after-hours.Previously (May 18): Purple Innovation launches secondary offering