IPO - TEMPUR SEALY INTERNATIONAL, INC.

Form Type: 8-K

Filing Date: 2025-05-13

Corporate Action: Ipo

Type: New

Accession Number: 000114036125018632

Filing Summary: On May 12, 2025, Somnigroup International Inc. entered into an underwriting agreement for the sale of 15,376,743 shares of its common stock by a former majority shareholder of Mattress Firm Group Inc., a subsidiary of IBEX Topco B.V. The shares were sold to Goldman Sachs & Co. LLC, the underwriter, on May 13, 2025. The sale of these shares is registered under an automatically effective registration statement on Form S-3. Although the Selling Stockholder conducted the sale, the Company did not issue or sell any shares in this transaction and will not receive any proceeds. Additionally, press releases regarding the launch and pricing of this offering were issued on May 12, 2025.

Form Type: 424B7

Filing Date: 2025-05-12

Corporate Action: Ipo

Type: New

Accession Number: 000114036125018270

Filing Summary: Somnigroup International Inc. is set to offer 15,376,743 shares of its common stock, listed on NYSE under the symbol 'SGI'. The shares are being sold by a selling stockholder and the company will not receive any proceeds from the sale. As of May 9, 2025, the last reported sale price of the company's common stock was $60.50. This preliminary prospectus supplement highlights the company's primary operations, risk factors, and financial information, demonstrating its position as the world's largest vertically-integrated bedding company, serving consumers globally through brands including Tempur-Pedic, Sealy, and Mattress Firm. The prospectus underscores the risks associated with investing in the common stock, emphasizing potential changes in economic conditions, competition, and the market's reception of the offering. Goldman Sachs & Co. LLC is named as the underwriter for this offering, which marks a significant liquidity event for the existing shareholders. The filing is made in accordance with SEC regulations pertaining to this type of offering.