SelectQuote, Inc. (SLQT) Announces Proposed Secondary Public Offering of Common Stock by Selling Stockholders
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SelectQuote, Inc. (NYSE: SLQT) (“SelectQuote” or the “Company”), a pioneer in providing consumers with unbiased price comparisons from some of the most trusted insurance carriers, today announced the commencement of a proposed registered secondary public offering of 10,600,000 shares of common stock by certain stockholders of the Company (the “Selling Stockholders”), including entities associated with Brookside Equity Partners LLC and other stockholders of the Company. All of the shares that would be sold in the offering would be sold by the Selling Stockholders.
The underwriters will have a 30-day option to purchase up to an additional 1,590,000 shares of common stock from Selling Stockholders. SelectQuote is not selling any shares of common stock and will not receive any proceeds from the proposed offering. The proposed offering will not change the number of shares of common stock that are currently outstanding.
Credit Suisse, Morgan Stanley, Goldman Sachs & Co. LLC, RBC Capital Markets, Barclays, Citigroup, Evercore ISI and Jefferies are acting as joint bookrunners for this offering. Cantor, Keefe Bruyette & Woods, A Stifel Company, Piper Sandler and Drexel Hamilton are acting as co-managers for this offering.
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