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May 27, 2021 · Tull—the founder of Legendary Pictures, which he sold to Wang Jianlin's Wanda Group in 2015 for $3.5 billion in cash, stock and debt—was Figs’ majority shareholder before Thursday’s ...
- Madeline Berg
His investment vehicle Tulco, in which he is the majority owner, owned 58% of Figs. Tulco sold 21,749,999 shares in the IPO—pocketing $480 million, pretax. The stock began trading at $22 and rose to $28 by 12:00 pm ET. Forbes estimates that Tull is worth $2.5 billion and that Tulco still owns about 30% of the company.
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May 27, 2021 · Spear and Hasson aren’t the only ones whose fortunes have exploded as a result of the IPO. Movie producer Thomas Tull, the largest investor in FIGS, owns shares worth $478 million. Founded in 2013, FIGS sought to disrupt the $10 billion medical scrubs market by making versions that were well-fitting and comfortable.
May 27, 2021 · The offering of Class A shares also was upsized Wednesday by nearly 4 million to about 26.4 million, though Figs actually sold fewer shares and its largest investor, movie producer Thomas Tull ...
- Laurence Darmiento
- Staff Writer
- laurence.darmiento@latimes.com
Figs (stylized as FIGS) is an American clothing company based in Santa Monica, California. The company sells scrubs and other products for healthcare professionals. It was founded in 2013 by Heather Hasson and Trina Spear , who are co- CEOs .
Figs ( NYSE: FIGS) is owned by 78.46% institutional shareholders, 30.96% Figs insiders, and 0.00% retail investors. Thomas Tull is the largest individual Figs shareholder, owning 27.79M shares representing 16.35% of the company. Thomas Tull's Figs shares are currently valued at $136.72M. If you're new to stock investing, here's how to buy Figs ...
May 27, 2021 · FIGS Inc's (FIGS.N) shares jumped nearly 29% in their market debut on Thursday, valuing the company at $4.57 billion, indicating robust investor interest after the maker of medical scrubs, face ...
