Somnigroup Announces Secondary Stock Offering Completion

Somnigroup International ( (SGI) ) has provided an update.

On May 12, 2025, Somnigroup International Inc. announced a secondary offering of 15,376,743 shares of its common stock by the former majority shareholder of Mattress Firm Group Inc., a subsidiary of IBEX Topco B.V. The shares were sold to Goldman Sachs & Co. LLC, acting as the sole underwriter, and Somnigroup will not receive any proceeds from this transaction. The offering was registered under the Securities Act of 1933, and the shares were sold on May 13, 2025. This transaction does not involve Somnigroup issuing or selling any new shares, and it is part of a broader strategy to manage shareholder interests and market positioning.

The most recent analyst rating on (SGI) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on Somnigroup International stock, see the SGI Stock Forecast page.

Spark’s Take on SGI Stock

According to Spark, TipRanks’ AI Analyst, SGI is a Outperform.

Somnigroup International demonstrates strong financial performance and technical momentum, but is tempered by valuation concerns due to high P/E ratio. Positive corporate events and a mixed earnings call sentiment further influence the score.

To see Spark’s full report on SGI stock, click here.

More about Somnigroup International

Somnigroup International Inc. is the world’s largest bedding company, focused on enhancing people’s lives through improved sleep. It excels in design, manufacturing, distribution, and retail, offering sleep solutions across more than 100 countries. The company owns renowned brands like Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy’s®, and operates through a global omni-channel platform.

Average Trading Volume: 3,944,643

Technical Sentiment Signal: Strong Buy

Current Market Cap: $13.4B

See more insights into SGI stock on TipRanks’ Stock Analysis page.