Somnigroup rises after former Mattress Firm parent's stock sale at a premium
Shares of bedding firm Somnigroup SGI.N up 4.5% at $63.22 amid broader market rally after secondary offering
Lexington, Kentucky-based co early Mon said ~15.4 mln shares offloaded by subsidiary of IBEX Topco B.V., former majority shareholder of Mattress Firm
Offering priced at $62, thefly.com reports, which is 2.5% above stock's last sale of $60.50 on Fri
Netherlands-based IBEX, formerly known as Steinhoff Topco, divests 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
Steinhoff International bought Mattress Firm in ~$3.8 bln deal in 2016
SGI has ~208.6 mln shares outstanding for about $13 bln market cap
With move on Mon, stock up nearly 12% YTD
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