Amkor Technology Reports Secondary Offering Of 10M Shares Of Common Stock By The Kim Family
Portfolio Pulse from Benzinga Newsdesk
Amkor Technology has reported a secondary offering of 10 million shares of common stock by the Kim family. The Kim family and their affiliates will continue to own a majority of Amkor's shares following the sale.
September 06, 2023 | 9:09 pm
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Amkor Technology's secondary offering of 10 million shares by the Kim family could potentially dilute the stock's value in the short term. However, the Kim family will continue to own a majority of the shares, indicating their continued confidence in the company.
Secondary offerings often lead to a short-term decrease in stock price due to the dilution of shares. However, the fact that the Kim family will continue to own a majority of the shares could mitigate this impact, as it signals their continued confidence in the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100