Vertiv Announces Pricing Of Secondary Offering Of 20M Shares Of Class A Common Stock By VPE Holdings
Portfolio Pulse from Benzinga Newsdesk
Vertiv has announced the pricing of a secondary offering of 20 million shares of Class A common stock by VPE Holdings. The company's stock symbol is VRT.
August 07, 2023 | 8:12 pm
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Vertiv's secondary offering of 20 million shares could potentially dilute the value of existing shares, potentially leading to a short-term decrease in stock price.
Secondary offerings often lead to dilution of existing shares, which can result in a decrease in stock price. As Vertiv is directly issuing these shares, it is highly relevant to their stock price.
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