DoubleVerify Announces Pricing Of 12.5M Share Secondary Offering By Selling Stockholders At $32.65/Share
Portfolio Pulse from Benzinga Newsdesk
DoubleVerify has announced the pricing of a 12.5 million share secondary offering by selling stockholders at $32.65 per share.
August 08, 2023 | 5:56 am
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NEUTRAL IMPACT
DoubleVerify's stockholders are selling 12.5 million shares at $32.65 each in a secondary offering.
The secondary offering of DoubleVerify's shares may increase the supply of shares in the market, which could potentially put downward pressure on the stock price. However, the impact is uncertain as it also depends on the demand for the shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100