Innoviz Technologies shares are trading lower after the company announced pricing of an upsized public offering of ordinary shares.
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies has announced the pricing of an upsized public offering of ordinary shares, leading to a decrease in its stock price.
August 10, 2023 | 12:43 pm
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Innoviz Technologies' stock price is trading lower after the company announced an upsized public offering of ordinary shares.
The announcement of an upsized public offering often leads to a decrease in the stock price as it dilutes the value of existing shares. This is likely the reason for the drop in Innoviz Technologies' stock price.
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