Leslie's Shares Plunge After 13M Share Offering By Selling Shareholders

by Shivani Kumaresan, Benzinga Staff Writer

September 13, 2021 1:08 PM | 1 min read

Leslie's Inc LESL has announced a secondary offering of 13 million shares of its common stock by certain of its stockholders.
Leslie's will not receive any proceeds from the offering.
The selling stockholders will also grant the underwriters a 30-day option to buy up to an additional 1.9 million 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.
Leslie's had 189.77 million shares of common stock outstanding as of September 10, 2021.
Price Action: LESL shares are trading lower by 11.29% at $22.09 on the last check Monday.

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