Mattress Firm says secondary stock offering priced
HOUSTON (AP) — Mattress retailer Mattress Firm says a secondary public offering of about 4.7 million shares has priced at $29.85 apiece.
The selling shareholders are giving the underwriters a 30-day option to buy up to 709,002 more shares.
Mattress Firm Holding Corp. said Thursday that it is not selling any shares in the offering.
The offering is expected to close Wednesday.
Shares of the Houston-based company, which went public in November 2011, gained $1.56, or 5.2 percent, to $31.74 in morning trading.