FIGS Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

Jun 01, 2021

FIGS, Inc. (FIGS), a direct-to-consumer healthcare apparel and lifestyle brand founded by Heather Hasson and Trina Spear, today announced the closing of its initial public offering of 30,344,317 shares of its Class A common stock, including the full exercise of the underwriters’ option to purchase an additional 3,957,954 shares of Class A common stock, at a price to the public of $22.00 per share. FIGS sold 4,636,364 shares of Class A common stock and Tulco, LLC (Tulco), FIGS’ largest stockholder, sold 25,707,953 shares of Class A common stock. FIGS did not receive any proceeds from the sale of the shares by Tulco. The shares began trading on the New York Stock Exchange on May 27, 2021 under the ticker symbol “FIGS.”

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