AppLovin Announces GQG Purchase Of 10M Shares Of Class A Common Stock from KKR
Portfolio Pulse from Benzinga Newsdesk
AppLovin Corporation (APP) announced that KKR Denali Holdings L.P. has entered into an agreement with GQG Partners LLC to sell 10 million shares of AppLovin's Class A common stock in a direct placement to client accounts managed by GQG.
August 14, 2023 | 1:23 pm
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KKR Denali Holdings is selling 10 million shares of AppLovin's Class A common stock to GQG Partners. This could potentially impact the stock's liquidity and price.
The sale of a large number of shares can impact the stock's liquidity and potentially its price. However, the direction of the impact is uncertain as it depends on various factors including market conditions and investor sentiment.
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