Integral Ad Science Prices Secondary Offering of 11M Common Stock at $14.00/Share by Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Integral Ad Science Holding Corp. (NASDAQ:IAS) has announced the pricing of a secondary offering of 11 million shares at $14.00 per share by Vista Equity Partners-affiliated funds. The offering is expected to close on December 7, 2023, with underwriters having an option to buy an additional 1.65 million shares.
December 05, 2023 | 11:34 am
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IAS's stock may experience downward pressure due to the secondary offering of 11 million shares at $14.00 by Vista Equity Partners-affiliated funds.
Secondary offerings often result in short-term price declines due to the increase in available supply of shares and potential dilution. The offering price of $14.00 may also set a benchmark that could influence the stock's market price.
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