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.
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