Somnigroup launches secondary offering of 15.4M shares

Somnigroup (SGI) announced the launch of a secondary offering of 15,376,743 shares of its common stock, par value $0.01 per share, by the former majority shareholder of Mattress Firm Group which shareholder is a subsidiary of IBEX. All of the shares of common stock are being sold by the Selling Stockholder, and Somnigroup will not receive any of the proceeds from the Offering. Goldman Sachs & Co.is acting as the sole underwriter for the Offering.