Nayax shares are trading lower after the company announced the pricing of a public offering of 3,130,435 shares at $26 per share.
Portfolio Pulse from Benzinga Newsdesk
Nayax announced the pricing of a public offering of 3,130,435 shares at $26 per share, leading to a decrease in its stock price.
March 08, 2024 | 12:54 pm
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Nayax's stock price is trading lower following the announcement of its public offering of over 3 million shares at $26 each.
Public offerings often lead to a decrease in stock price due to the dilution of existing shares. Nayax's announcement of a significant public offering at a set price of $26 per share has likely contributed to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100