Altisource Portfolio Solutions Announces Pricing of $17.5 Million Public Offering of Common Stock At $3.60 Per Share
Portfolio Pulse from Benzinga Newsdesk
Altisource Portfolio Solutions (ASPS) has announced the pricing of its $17.5 million public offering of common stock at $3.60 per share.
September 08, 2023 | 11:03 am
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Altisource Portfolio Solutions has priced its public offering of common stock at $3.60 per share, aiming to raise $17.5 million.
The announcement of a public offering can have mixed effects on a company's stock. On one hand, it can dilute existing shares, potentially leading to a decrease in share price. On the other hand, it can also provide the company with additional capital for growth. The impact on ASPS's stock will depend on how investors perceive the offering and the company's use of the raised funds.
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