Mondee Holding Earlier Priced Secondary Offering Of 5.25M Shares By Selling Stockholders @$10/Share
Portfolio Pulse from Charles Gross
Mondee Holdings Inc. (NASDAQ: MOND) has priced a secondary offering of 5.25 million shares at $10 per share on behalf of certain stockholders. The offering is expected to close on June 9, 2023. Mondee will not receive any proceeds from the offering. Morgan Stanley is the lead bookrunning manager.
June 07, 2023 | 9:09 am
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NEUTRAL IMPACT
Mondee Holdings' secondary offering of 5.25M shares at $10 per share may impact its stock price in the short term.
The secondary offering of 5.25 million shares at $10 per share may cause short-term fluctuations in Mondee Holdings' stock price. However, since the company is not selling any shares and will not receive any proceeds from the offering, the overall impact on the stock price may be neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100