GNC underwriters exercise option to purchase additional shares
PITTSBURGH — GNC Holdings on Monday announced, in connection with its previously announced initial public offering, the underwriters have exercised in full their option to purchase from the selling stockholders an additional 3.375 million shares of Class A common stock.
GNC's Class A common stock commenced trading on the New York Stock Exchange under the ticker symbol "GNC." The offering of 16 million shares by the company and 9.875 million shares by the selling stockholders — which includes the shares subject to the underwriters' option — is expected to close on April 6.