DoubleVerify Announces Pricing Of Secondary Offering Of 12.5M Shares Of Common Stock At A Price Of $30.45/Share By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
DoubleVerify Holdings, Inc. (NYSE:DV) announced the pricing of a secondary offering of 12.5 million shares at $30.45 each by Providence entities, with the possibility for underwriters to buy an additional 1.875 million shares. The offering is set to close on November 15, 2023. DoubleVerify will not receive any proceeds from this offering. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the underwriters.
November 14, 2023 | 2:04 am
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DoubleVerify is not receiving proceeds from the secondary offering of 12.5M shares by Providence, priced at $30.45/share, indicating no direct financial benefit from the offering.
Although the secondary offering involves DoubleVerify's shares, the company itself is not receiving any proceeds, which typically means a neutral impact on the company's financial position. However, the market's perception of the increased share availability could potentially influence the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70