DoubleVerify Announces Launch Of 12.5M Share Secondary Offering By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
DoubleVerify (DV) has announced the launch of a 12.5 million share secondary offering by its selling stockholders. The company itself will not receive any proceeds from the sale of these shares.
August 07, 2023 | 8:31 pm
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DoubleVerify's selling stockholders are launching a 12.5 million share secondary offering. This could potentially dilute the value of existing shares, impacting the stock price.
Secondary offerings often lead to dilution of existing shares, which can negatively impact the stock price. As DoubleVerify will not receive any proceeds from this sale, it indicates that the selling stockholders are looking to cash out, which could be perceived negatively by the market.
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