Intapp Reports Launch Of Secondary Offering Of Aggregate Of 7M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Intapp, Inc. (INTA) announced the launch of a secondary offering of 7 million shares of common stock by entities affiliated with Great Hill Equity Partners IV, L.P. This offering is to be conducted as an underwritten public offering.
March 04, 2024 | 9:46 pm
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Intapp, Inc. announces a secondary offering of 7 million shares by Great Hill Equity Partners IV affiliates.
Secondary offerings often lead to a short-term decrease in stock price due to the dilution of existing shares. Given that this is a significant offering of 7 million shares, it's likely to have a negative impact on INTA's stock price in the short term.
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