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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