Key Summary: On December 31, 2024, Baron Capital Group (18%) opposes the proposed "going private" transaction of the company. Market Cap: $1 billion | FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally.
On December 31, 2024, Baron Capital Group (18%) opposes the proposed "going private" transaction of the company. Baron believes FIGS has a strong balance sheet, no debt, and significant growth potential as a standalone public company. They argue a leveraged buyout would harm FIGS’ business, employees, product quality, and stakeholder interests by increasing costs and reducing growth opportunities. Baron supports FIGS’ management team and its long-term prospects, advocating for increased equity ownership incentives to drive growth. They urge the Board to reject any "going private" offers, emphasizing confidence in FIGS as a public entity. Source
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