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FIGS, Inc. reports developments in healthcare apparel, with recurring updates on scrubwear, non-scrubwear, direct-to-consumer sales, the TEAMS institutional platform, international demand and Community Hubs. The company designs and sells apparel and related products for healthcare professionals, including scrubwear, outerwear, underscrubs, footwear, compression socks, lab coats and loungewear.
News about FIGS also covers earnings releases, customer and order metrics, average order value, gross margin, tariffs, marketing campaigns, investor conference participation and brand partnerships. The company’s public communications frequently include advocacy efforts tied to the healthcare workforce and initiatives that connect its apparel brand with healthcare professionals in the United States and internationally.
FIGS, Inc. announced the pricing of its upsized initial public offering, offering 26,386,363 shares at $22.00 per share. The offering includes 4,636,364 shares from FIGS and 21,749,999 shares from Tulco, LLC, its largest stockholder, with underwriters having a 30-day option for 3,957,954 additional shares. Trading on the NYSE is expected to start on May 27, 2021, under the ticker symbol FIGS. The closing is anticipated on June 1, 2021, subject to customary conditions.