B. Riley Financial Prices 1,818,182 Share Offering At $55/Share
Portfolio Pulse from Bill Haddad
B. Riley Financial has priced its share offering at $55 per share, with a total of 1,818,182 shares being offered.
July 26, 2023 | 11:06 am
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B. Riley Financial's share offering at $55 per share could potentially dilute existing shareholders' equity.
The share offering by B. Riley Financial could lead to dilution of existing shareholders' equity. This is because the new shares increase the total number of outstanding shares, which can decrease the value of existing shares. Therefore, this news could potentially have a negative impact on the company's stock price in the short term.
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