SANTA MONICA, Calif.--(BUSINESS WIRE)--FIGS, Inc. (FIGS), a direct-to-consumer healthcare apparel and lifestyle brand founded by Heather Hasson and Trina Spear, today announced the launch of its initial public offering of 22,500,000 shares of its Class A common stock. FIGS is offering 5,875,000 shares of Class A common stock and Tulco, LLC (Tulco), FIGS’ largest stockholder, is offering 16,625,000 shares of Class A common stock. The underwriters will have a 30-day option to purchase an additional 3,375,000 shares of Class A common stock from Tulco at the initial public offering price, less underwriting discounts and commissions. FIGS will not receive any proceeds from the sale of shares by Tulco. The initial public offering price is expected to be between $16.00 and $19.00 per share. FIGS has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “FIGS.”