Amkor Technology shares are trading lower after pricing secondary offering of 10 million shares by the Kim Family at $24/share yesterday.
Portfolio Pulse from Benzinga Newsdesk
Amkor Technology has priced a secondary offering of 10 million shares by the Kim Family at $24/share, which has led to a decrease in the company's share price.
September 07, 2023 | 1:54 pm
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Amkor Technology's share price is expected to decrease in the short term due to the secondary offering of 10 million shares at $24/share.
Secondary offerings often lead to a decrease in share price as they dilute the value of existing shares. In this case, Amkor Technology's secondary offering of 10 million shares at $24/share is likely to have a negative impact on its share price in the short term.
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