DoubleVerify Announces Launch Of Secondary Offering Of 12.5M Shares By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
DoubleVerify (DV) has announced a secondary offering of 12.5 million shares by selling stockholders Providence VII U.S. Holdings L.P. and Providence Butternut Co-Investment L.P. DoubleVerify will not receive any proceeds from the sale of shares in the offering.

November 13, 2023 | 9:59 pm
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NEUTRAL IMPACT
DoubleVerify is not receiving proceeds from the secondary offering of 12.5 million shares by Providence, indicating no direct financial benefit from the offering.
Although the secondary offering increases the number of shares available in the market, DoubleVerify itself is not receiving any proceeds, which means the financial position of the company remains unchanged. However, the increase in available shares could potentially dilute the value of existing shares in the short term, but since the company isn't directly involved in the sale, the impact is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 80