The offering of $1.75 billion in depositary shares by Albemarle Corporation is a significant financial activity that could lead to changes in the company's capital structure. This might have a neutral to slightly positive impact on the stock price in the short term, depending on how the market perceives the use of the proceeds from this offering. If the funds are used for growth initiatives or debt reduction, it could be seen positively. However, the dilution of existing shares might offset some of those gains.