Las Vegas Sands Reveals Commencement Of Proposed Secondary Public Offering Of $2B Of Shares By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Las Vegas Sands Corp. has announced the start of a proposed secondary public offering of $2 billion worth of shares by selling stockholders. This offering will not provide any proceeds to the company itself, as the shares are being sold by existing stockholders.
November 28, 2023 | 9:26 pm
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Las Vegas Sands Corp. is initiating a secondary public offering of $2 billion in shares. The offering is by selling stockholders, meaning LVS will not receive any proceeds from the sale.
The secondary offering of shares by Las Vegas Sands Corp. is significant in volume ($2 billion), which could potentially dilute the value of existing shares. However, since the company is not receiving any proceeds, the impact on the company's financials is neutral. The news may have a short-term negative sentiment among investors concerned about share dilution, but since the company isn't directly benefiting from the proceeds, the long-term financial impact on LVS is minimal.
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