Coty Prices Global Offering Of 33M Outstanding Class A Common Stock At $10.80, Or €10.28
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. has announced the pricing of its global offering of 33 million shares of its outstanding Class A common stock at $10.80 per share. The offering is made pursuant to an effective shelf registration statement filed with the SEC.
September 28, 2023 | 11:17 am
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Coty's global offering of 33 million shares could potentially dilute the value of existing shares, potentially leading to a short-term decrease in stock price.
The offering of additional shares often leads to dilution of the value of existing shares, which can result in a decrease in the stock price. However, the actual impact will depend on the market's reaction to the news.
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