Shares of health care apparel company FIGS, Inc. (FIGS) are down more than 4% in the pre-market on Tuesday after the company announced secondary offering of about 8.8 million class A shares by its largest stockholder, Tulco, LLC, and certain members of FIGS' management team.
The offering consists 8,826,703 class A common shares by selling shareholders with a 30-day option for the underwriters to purchase an additional 1,324,005 shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.