Amkor Technology Prices Secondary Offering Of 10M Common Shares By The Kim Family At $24/Share
Portfolio Pulse from Benzinga Newsdesk
Amkor Technology has priced a secondary offering of 10 million common shares by the Kim family at $24 per share.
September 07, 2023 | 6:15 am
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NEGATIVE IMPACT
Amkor Technology's secondary offering of 10 million common shares could potentially dilute the value of existing shares.
Secondary offerings often lead to dilution of existing shares as the number of shares in circulation increases. This could potentially lead to a decrease in the stock price of Amkor Technology in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100