Mindbody Plans To Raise $120M In Secondary Offering

San Luis Obispo-based software maker Mindbody said on Tuesday that it plans to launch a secondary offering, selling 4,400,000 shares of its stock, or approximately $120M. The company trades on the NASDAQ Global Market as MB. The offering comes two years after the IPO of the company. Mindbody is a developer of cloud-based software, used by spas and other health and wellness businesses manage appointment bookings and clients.