FIGS, a medical scrubs and healthcare apparel brand, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
FIGS is a direct-to-consumer healthcare apparel brand that seeks to create technically advanced products that provide comfort, durability, function, and style. The company's medical scrubs use a proprietary fabric, called FIONx, which has four-way stretch, anti-odor, anti-wrinkle, and moisture-wicking properties. The company claims to have branded a previously unbranded industry.
The Santa Monica, CA-based company was founded in 2013 and booked $318 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol FIGS. Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse and BofA Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
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