SLQT - SelectQuote stock slips after some holders plan to sell 10.6M shares

SelectQuote (SLQT) stock declines 4.1% in after-hours trading after announcing that some stockholders, including entities associated with Brookside Equity Partners, propose to offer 10.6M shares of SLQT in a secondary offering.The underwriters will have a 30-day option to purchase an additional 1.59M shares of common stock from the selling stockholder.SelectQuote isn't selling any shares of common stock and won't be receiving any proceeds from the proposed offering.See SLQT's stock ownership by investor type:

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SelectQuote stock slips after some holders plan to sell 10.6M shares