Nu Skin Enterprises Announces Commencement of Secondary Stock Offering
PROVO, Utah, June 1 Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that it has commenced an underwritten secondary public offering of 4.46 million shares of its Class A common stock. The shares are being sold by three of the company's founders who currently serve as members of the company's board of directors and a donee who will receive its shares of Class A common stock from one of these founders. In connection with the offering, some of the selling shareholders have granted to the underwriters an option to purchase up to 669,000 additional shares. No shares are being sold by the company, nor will the company receive any proceeds from the proposed offering.
J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Canaccord Genuity, Inc., Stifel, Nicolaus & Company, Incorporated, Avondale Partners, LLC, Sidoti & Company, LLC, and Moelis & Company LLC are co-managers of the offering. The offering of these securities is being made by the selling shareholders only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from J.P. Morgan Securities Inc., Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: 1-866-803-9204; or Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311; Telephone 1-800-503-4611, or by emailing email@example.com.
A shelf registration statement relating to the offering of these securities has previously been filed with the U.S. Securities and Exchange Commission and has become effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
About Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its patent-pending ageLOC(TM) anti-aging platform and flagship products including the Galvanic Spa® System II, Tru Face® Essence Ultra and LifePak® nano. A global direct selling company, Nu Skin operates in 50 markets worldwide and has more than 765,000 active distributors. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS."
Forward Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's results of operation and strategy. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties discussed in company filings with the U.S. Securities and Exchange Commission, which could cause the company's actual results to differ materially from expected results. The company undertakes no obligation to publicly update any forward-looking statement contained in this press release, whether as a result of new information, future developments or otherwise, except as may be required by law.
SOURCE Nu Skin Enterprises, Inc.
You May Also Like