Las Vegas Sands Prices 46,264,168 Common Shares Offering By Its Principal Stockholder At $44/Share
Portfolio Pulse from Benzinga Newsdesk
Las Vegas Sands Corp. (LVS) has announced the pricing of a secondary public offering of 46,264,168 shares by principal stockholder Dr. Miriam Adelson and The Miriam Adelson Trust at $44 per share. The offering is set to close on December 1, 2023, and the company will not receive any proceeds from the sale.
November 29, 2023 | 7:04 am
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Las Vegas Sands Corp. will see a secondary offering of over 46 million shares by a principal stockholder, which could potentially dilute the stock value or indicate a large shareholder exiting.
Secondary offerings often lead to dilution of existing shares, which can depress the stock price in the short term. Additionally, the market may view a large shareholder selling a significant portion of stock as a lack of confidence in the company's future prospects.
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