Radnet Has Priced An Underwritten Offering Of 7.575M Shares At $29.75 Per Share, With Gross Proceeds Of Approximately $225M
Portfolio Pulse from Benzinga Newsdesk
Radnet has priced an underwritten offering of 7.575 million shares at $29.75 per share, raising approximately $225 million in gross proceeds.
June 14, 2023 | 8:12 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Radnet's underwritten offering of 7.575 million shares at $29.75 per share may impact its stock price in the short term.
Radnet's underwritten offering may have a neutral impact on its stock price in the short term. The offering will raise $225 million in gross proceeds, which can be used for various purposes such as debt repayment, acquisitions, or general corporate purposes. However, the issuance of new shares may dilute existing shareholders' ownership, which could put downward pressure on the stock price. The overall impact on the stock price will depend on how the market perceives the use of proceeds and the potential dilution effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100