Classys: Block Deal Sale of 6% By Bain Capital Raises Overhang Concerns
After the market close on 16 May, Bain Capital sold about 6% stake in Classys (214150 KS) in a block deal sale.
Bain Capital sold 3.93 million shares of Classys at 57,915 won per share (this price is 10.9% discount from Classys’ closing price the previous day).
Bain Capital’s decision to sell a 6% stake in Classys via a discounted block deal, rather than offloading its entire 60.2% controlling stake, indicates a share overhang on future sales.
Ultraformer MPT - My Personalized Treatment [Eye Lift] (Source: Classys, Youtube)
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