Arhaus announced that certain selling stockholders affiliated with Freeman Spogli & Co. have commenced an underwritten public offering of 12M shares of the company’s Class A common stock. BofA Securities and Jefferies are acting as joint lead book-running managers and as representatives for the proposed Offering. Morgan Stanley and Piper Sandler are acting as active book-running managers for the proposed Offering. Baird, Barclays, Guggenheim Securities and William Blair are acting as book-running managers for the proposed Offering.
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