BUZZ-Torrid tumbles as PE sponsor, CEO to trim stakes in secondary offering

Reuters

Jun 25

BUZZ-Torrid tumbles as PE sponsor, CEO to trim stakes in secondary offering

** Shares of women's apparel seller Torrid Holdings CURV.N tumble 22% in extended trading to $3.98 after secondary offering launch

** California-based firm announces 10 mln shares to be offloaded by existing stockholders

** In addition, co to purchase $20 mln worth of shares from private equity firm Sycamore Partners

** Along with Sycamore Partners, which is selling 9.65 mln shares in the offering, CEO Lisa Harper parting ways with 350,000 shares, per the prospectus filing

** Following the transactions, Sycamore would own ~60.4 mln shares, for ~60% stake, and Harper's stake would be 4.8%

** BofA, Jefferies, and William Blair jt bookrrunners for the secondary offering

** CURV shares on Tues ended up 0.4% at $5.10. YTD, stock off 2.5%

** 2 of 7 analysts rate stock "strong buy", 3 rate "hold" and 2 rate "sell"; median PT is $5 - latest LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.commailto:lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p>((lance.tupper@thomsonreuters.commailto:lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0640476718.USD","symbol_name":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250624:nL6N3SR12B:1","article_id":"2546253713","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546253713","pubTimestamp":1750797980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Torrid tumbles as PE sponsor, CEO to trim stakes in secondaryoffering** Shares of women's apparel seller Torrid Holdings CURV.N tumble 22% in extended trading to $3.98 after secondary offering la","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - 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YTD, stock off 2.5%** 2 of 7 analysts rate stock \"strong buy\", 3 rate \"hold\" and 2 rate \"sell\"; median PT is $5 - latest LSEG data reflects(Lance Tupper is a Reuters market analyst. The views expressed are his own)((lance.tupper@thomsonreuters.commailto:lance.tupper@tr.com 1-646-279-6380))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}