Reported Earlier, ODDITY Prices Secondary Offering Of 4,782,609 Class A Ordinary Shares At $43.50/Share
Portfolio Pulse from Benzinga Newsdesk
ODDITY has priced a secondary offering of 4,782,609 Class A Ordinary Shares at $43.50 each, with an option for underwriters to purchase up to an additional 717,391 shares. The offering, closing on March 19, 2024, involves only the Selling Stockholder's shares, with no proceeds going to ODDITY.
March 15, 2024 | 5:33 am
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ODDITY's secondary offering involves 4,782,609 shares at $43.50/share, with an underwriter option for an additional 717,391 shares, closing on March 19, 2024. No proceeds will go to ODDITY.
The secondary offering of ODDITY's shares does not directly impact the company's financials as it does not receive any proceeds from the sale. However, the offering could influence investor perception and stock liquidity. The neutral score reflects the indirect impact on the company, with high relevance due to the direct mention and significant importance given the scale of the offering.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100