Somnigroup launches secondary offering, shares rise
ReutersMay 12, 2025 11:39 AM
Shares of bedding firm Somnigroup SGI.N up 2.6% at $62.05 premarket after secondary offering launched
Lexington, Kentucky-based co says ~15.4 mln shares to be offloaded by subsidiary of IBEX Topco B.V., former majority shareholder of Mattress Firm
Netherlands-based IBEX divesting entire 7.4% stake
Goldman Sachs sole underwriter for offering
In Feb, Tempur Sealy completed $4 bln deal to buy Mattress Firm, and announced name change to Somnigroup
SGI has ~208.6 mln shares outstanding for $12.6 bln market cap
Through Fri close, stock up ~7% YTD
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