ONE Gas Prices Public Offering Of 1.2M Common Shares For ~$88.80M
Portfolio Pulse from Benzinga Newsdesk
ONE Gas has priced its public offering of 1.2 million common shares at approximately $88.80 million.
September 12, 2023 | 6:39 am
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NEGATIVE IMPACT
ONE Gas's public offering of 1.2 million common shares could potentially dilute existing shareholders' equity, which may lead to a short-term negative impact on the stock price.
Public offerings increase the number of outstanding shares, which can dilute the value of existing shares. This often leads to a short-term decrease in stock price as the market adjusts to the new share count. However, the long-term impact can be positive if the funds raised are used effectively.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100