KANSAS CITY— Hostess Brands Inc. has completed a public offering of 12 million shares of Class A stock, according to Bloomberg News. Priced at $14 per share, the stock was owned by C. Dean Metropoulos and entities controlled by him. Mr. Metropoulos is chairman of Hostess.

According to a prospectus filed with the Securities and Exchange Commission on Aug. 12, the 12 million shares equate to 9.2% of all Hostess outstanding shares. Following the sales, Mr. Metropoulos still owned 8.1% of outstanding Hostess stock.

The price of $14 equates to a small discount below the closing price of $14.36 Aug. 12, the day the offering was announced. Hostess shares were trading lower still, at $13.66, as of midday Aug. 14. While still up significantly from the start of the year, Hostess shares have dipped more than $1 per share from the 52-week high of $14.86, set in July.

Morgan Stanley & Co. L.L.C. was sole book manager-running manager for the offering and proposed on Aug. 12 “to offer the shares of Class A common stock from time to time for sale in one or more transactions on the Nasdaq Capital Market” or other channels, including negotiated transactions.