MINDBODY raises $134 million in second stock offering

June 12, 2017 by The Tribune

MINDBODY Inc., which went public two years ago, raised $134 million during its second stock offering that ended May 31, selling just over 5 million shares. That’s more than 10 percent of its 46,017,296 shares outstanding. According to CEO and co-founder Rick Stollmeyer, that money will help pay for future acquisitions that could expand the company’s platform and fan base, as well as bolster its financial resources amid the company’s rapid growth in recent years.

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