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 13, 2024 | 11:02 am
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NEGATIVE IMPACT
ODDITY Tech's shares are experiencing a downturn 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 concern among investors about the potential decrease in share value. This announcement has directly impacted ODDITY Tech's stock, leading to a decrease in its trading price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100