Arhaus Reports Secondary Offering Of 12M Shares of Class A Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Freeman Spogli & Co. affiliated selling stockholders have started an underwritten public offering of 12 million shares of Arhaus. They also plan to give underwriters a 30-day option to buy up to an additional 1.8 million shares.
August 15, 2023 | 8:51 pm
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Arhaus is subject to a secondary offering of 12 million shares by selling stockholders affiliated with Freeman Spogli & Co. This could potentially dilute the stock's value in the short term.
Secondary offerings often lead to stock dilution, which can decrease the stock's value in the short term. As the offering is substantial (12 million shares), it's likely to have a significant impact on Arhaus' stock price.
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IMPORTANCE 80
RELEVANCE 100