Driven Brands stock slides on pricing secondary offering of 7M shares

Sep. 13, 2022 7:38 AM ETDriven Brands Holdings Inc. (DRVN)By: Preeti Singh, SA News Editor2 Comments
  • Driven Brands (NASDAQ:DRVN) shares dropped 7% pre-market on Tuesday after pricing an underwritten secondary offering of 7M shares of its common stock.
  • Some of the company's stockholders that are affiliates of Roark Capital Management are offering the shares. All proceeds from the offering will go to the selling stockholders.

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