Latham & Watkins Advises on Arhaus’ Secondary Offering of Class A Common Stock by Selling Stockholders
Arhaus, Inc. (Nasdaq: ARHS), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, has announced the pricing of the previously announced underwritten public offering of 12 million shares of the Company’s Class A common stock by certain selling stockholders affiliated with Freeman Spogli & Co. (collectively, the Selling Stockholders), at a public offering price of US$10.00 per share. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of the Company’s Class A common stock at the public offering price, less the underwriting discount.
Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Ian Schuman, Stelios Saffos, and Jonathan Sarna, with associates Ben Winnett, Giulia Franzoso, and Matthew Galligan.