First Watch Restaurant (FWRG) Group announced the launch of an underwritten secondary offering by certain funds managed by Advent International of 5M shares of the company’s common stock. The selling stockholders will receive all of the proceeds from the offering. The company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering. Barclays and Goldman Sachs & Co. are acting as the underwriters of the offering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRG:
- First Watch Restaurant price target raised to $24 from $22 at Benchmark
- First Watch Restaurant price target raised to $24 from $23 at Stephens
- First Watch Restaurant price target raised to $22 from $21 at BofA
- First Watch Restaurant Group Hits 600 Locations, Reports Q2 Growth
- First Watch (FWRG) Earnings Call: Growth Amid Challenges