Shares of Mister Car Wash Inc. (MCW) are down 7 percent on Tuesday's trading. The company announced that several of its selling stockholders including investment funds affiliated with Leonard Green & Partners, L.P., and members of its management team, and pre-IPO investors are offering 12 million shares of its common stock in a secondary offering.

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RTTNews | Aug 24, 2021 11:48AM EDT

11:48 Tuesday, August 24, 2021 (RTTNews.com) - Shares of Mister Car Wash Inc. (MCW) are down 7 percent on Tuesday's trading. The company announced that several of its selling stockholders including investment funds affiliated with Leonard Green & Partners, L.P., and members of its management team, and pre-IPO investors are offering 12 million shares of its common stock in a secondary offering.

The company would not be receiving any proceeds from the sale of the shares of common stock by the selling stockholders.

Currently at $19.02, the stock has traded between $17.68 and $24.49 during the past 52 weeks.

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