ODDITY Tech shares are trading lower after the company announced a secondary offering of 4 million Class A ordinary shares.
Portfolio Pulse from Benzinga Newsdesk
ODDITY Tech's stock is trading lower following the announcement of a secondary offering of 4 million Class A ordinary shares.
March 12, 2024 | 9:01 pm
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NEGATIVE IMPACT
ODDITY Tech's share price is expected to face downward pressure in the short term due to the announcement of a secondary offering of 4 million Class A ordinary shares.
Secondary offerings often lead to a dilution of existing shares, causing downward pressure on the stock price. Given the size of the offering, it's reasonable to expect a negative impact on ODDITY Tech's share price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100