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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jan. 21, 1:17 AM

Slide #18. Focus Financial Partners Inc. Secondary Offering

Company: Focus Financial Partners Inc. (NASDAQ:FOCS)
Date announced: 12/15/2021
Shares Offered: 3,084,210
Date of Pricing: 12/15/2021
Price Per Share: $57.00
Secondary Offering Details: Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus") announced today that it has launched an underwritten offering (the "Offering") of 3,204,448 shares of its Class A common stock. This amount includes 2,500,000 shares being offered by Focus for its own account and 704,448 shares being offered by Focus on behalf of certain of the existing unitholders of Focus Financial Partners, LLC ("Focus LLC"), its operating subsidiary. Focus intends to grant the underwriters a 30-day option to purchase up to an additional 480,667 shares of Focus' Class A common stock. -updated 12/15- Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus") announced today the pricing of the previously announced underwritten offering of 3,084,210 shares of its Class A common stock (the "Offering") at a public offering price of $57.00 per share. This amount includes 2,500,000 shares offered by Focus for its own account and 584,210 shares being offered by Focus on behalf of certain of the existing unitholders of Focus Financial Partners, LLC ("Focus LLC"), its operating subsidiary. Focus also granted the underwriters a 30-day option to purchase up to an additional 462,631 shares of Focus' Class A common stock. The Offering is expected to close on December 20, 2021, subject to customary closing conditions.

Focus Financial Partners is a partnership of independent, fiduciary wealth management firms operating in the registered investment advisor industry. Co. is in the business of acquiring and overseeing independent fiduciary wealth management and related businesses. Co.'s partner firms primarily service ultra-high net worth and high net worth individuals and families by providing wealth management services. Co.'s wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. Co. also provides recordkeeping and administration services.

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Company Name: 
Focus Financial Partners Inc
Website: 
www.focusfinancialpartners.com
Sector: 
Investment Brokerages
Number of ETFs Holding FOCS: 
31
Total Market Value Held by ETFs: 
$343.23M
Total Market Capitalization: 
$3.26B
% of Market Cap. Held by ETFs: 
10.53%
 

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Strong Buy (3.67 out of 4)
57th percentile
(ranked higher than approx. 57% of all stocks covered)

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