Nu Skin Engages In Secondary Stock Offering
The shares are being sold by three of the company's founders who currently serve as members of the company's board of directors and a donee who will receive its shares of class A common stock from one of these founders.
In connection with the offering, some of the selling shareholders have granted to the underwriters an option to purchase up to 669,000 additional shares. No shares are being sold by the company, nor will the company receive any proceeds from the proposed offering.
JP Morgan Securities and Deutsche Bank Securities are acting as joint book-running managers for the offering. Canaccord Genuity, Stifel, Nicolaus & Company, Avondale Partners, Sidoti & Company, and Moelis & Company are co-managers of the offering.
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