Pagaya Technologies Announced Pricing Of An Underwritten Public Offering Of 7,500,000 Class A Ordinary Shares At A Price Of $12.70
Portfolio Pulse from Benzinga Newsdesk
Pagaya Technologies has announced the pricing of an underwritten public offering of 7,500,000 Class A ordinary shares at a price of $12.70 per share.
March 14, 2024 | 10:48 am
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Pagaya Technologies announces a public offering of 7.5 million Class A shares at $12.70, potentially diluting current shareholders.
The announcement of a public offering of shares typically leads to dilution of existing shareholders' equity, which can result in a negative short-term impact on the stock price. Given the size of the offering and the set price, investors might be concerned about dilution and its effects on their investment, leading to a potential decrease in stock price in the short term.
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