Rollins Discloses The Pricing Of A Secondary Public Offering Of 38,724,100 Shares Of Its Common Stock At $35.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Rollins, Inc. (NYSE:ROL) has announced the pricing of a secondary public offering of 38,724,100 shares of its common stock by LOR, Inc., an existing stockholder, at a price of $35.00 per share. The offering is expected to close on September 11, 2023.
September 07, 2023 | 10:31 am
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Rollins, Inc.'s secondary public offering of 38,724,100 shares at $35.00 per share could potentially dilute existing shareholders' equity.
Secondary public offerings often lead to dilution of existing shareholders' equity, which can put downward pressure on the stock price. However, the actual impact will depend on the market's reaction to the offering.
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