Shares of Torrid Holdings fell after the company's secondary offering was priced at $4, below Wednesday's closing price. The stock was down 22% at $3.81 in early trading. Shares have fallen 34% so far this year.

Torrid Holdings (CURV) announced the pricing of the underwritten public offering of 8 million shares of the common stock at a price

Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV) today announced the pricing of the previously announced underwritten public offering of 8,000,000 shares of the Company’s common stock at a price to the public of $4.

Torrid Holdings shares took a tumble after the company said it was launching an underwritten public offering by some of its shareholders. Shares of the California company were down 23% to $5.11 in morning trade, but are still up 261% in the past 12 months.