Ivanhoe Electric shares are trading lower after the company announced a $150 million public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Ivanhoe Electric has announced a $150 million public offering of common stock, causing its shares to trade lower.
September 13, 2023 | 8:30 pm
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Ivanhoe Electric's stock price is trading lower due to the announcement of a $150 million public offering of common stock.
The announcement of a public offering often leads to a decrease in the company's stock price. This is because existing shares are diluted, and investors may sell off their shares due to the fear of dilution. In this case, Ivanhoe Electric's announcement of a $150 million public offering has led to a decrease in its stock price.
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