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Playboy Nets $203.3M From New Stock Sale


New on the Playboy web store.
New on the Playboy web store.

(Filed Under wholesale Lingerie News). On June 14 Playboy sold 4,720,000 shares of its stock at an offering price of $46 and received net proceeds of “approximately $203.3 million (net of underwriting discounts and commissions and offering expenses).”

It said it “intends to use the proceeds to fund future growth, including potential future acquisitions, and for working capital and general corporate purposes.”

The company noted its underwriting agreement “includes an underwriters’ option to purchase up to 708,000 additional shares of common stock within 30 days.” —NM


more wholesale Lingerie News >>

Published 06-15-2021 by Nick Monjo

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