Leslie's Prices Equity Offering By Selling Shareholders

Leslie's Inc (NASDAQ:LESL) has announced the pricing of an underwritten public offering of 12.5 million shares by certain stockholders.
The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock.
Leslie's is not offering any shares and will not receive any proceeds from the offering.
As previously announced, the company also entered into a share repurchase agreement with the selling stockholders, pursuant to which it intends to repurchase an aggregate of 7.5 million shares.
Price Action: LESL shares are trading lower by 5.34% at $20.38 in premarket on the last check Wednesday.