LegalZoom shares are trading lowe after the company announced the pricing of a 14 million share offering by a selling stockholder at $10 per share.
Portfolio Pulse from Benzinga Newsdesk
LegalZoom announced the pricing of a 14 million share offering by a selling stockholder at $10 per share, leading to a decrease in its share price.
September 07, 2023 | 12:55 pm
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LegalZoom's share price is expected to be negatively impacted in the short term due to the announcement of a 14 million share offering at a lower price.
The announcement of a large share offering at a lower price can lead to a decrease in the share price as it dilutes the value of existing shares. This is likely to have a negative impact on LegalZoom's share price in the short term.
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IMPORTANCE 80
RELEVANCE 100