Ryerson Holding Reports Pricing Of Secondary Offering Of 4M Shares By Significant Shareholder; Pricing Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ryerson Holding has reported the pricing of a secondary offering of 4 million shares by a significant shareholder. The pricing details have not been disclosed.
August 04, 2023 | 3:00 pm
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NEGATIVE IMPACT
Ryerson Holding's secondary offering of 4 million shares could potentially dilute the value of existing shares, depending on the pricing.
Secondary offerings often lead to share dilution, which can negatively impact the stock price. The extent of this impact will depend on the pricing of the new shares, which has not been disclosed yet.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100