LegalZoom Prices Upsized Secondary Offering Of 14M Common Shares At $10/Share
Portfolio Pulse from Benzinga Newsdesk
LegalZoom has priced an upsized secondary offering of 14 million common shares at $10 per share.
September 07, 2023 | 6:59 am
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LegalZoom's secondary offering of 14 million shares could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Secondary offerings often lead to dilution of existing shareholders' equity, which can result in a short-term decrease in the stock price. Given the size of the offering, the impact on LegalZoom's stock price could be significant.
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