Ispire Technology Inc Files For Offering Of Up To 2.3M Shares Of Common Stock At Assumed Public Offering Price Of $11/Share
Portfolio Pulse from Benzinga Newsdesk
Ispire Technology Inc has filed for an offering of up to 2.3 million shares of common stock at an assumed public offering price of $11 per share, according to Reuters.
February 01, 2024 | 2:17 pm
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Ispire Technology Inc is offering up to 2.3 million shares at an assumed price of $11 per share.
Share offerings often lead to dilution of existing shares, which can depress the stock price in the short term. Given the size of the offering relative to the company, this is likely to have a significant impact.
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