Super Micro Computer shares are trading lower after the company announced the launch of a proposed public offering of 2,000,000 shares of its common stock
Portfolio Pulse from Benzinga Newsdesk
Super Micro Computer (SMCI) announced a proposed public offering of 2,000,000 shares of its common stock, leading to a decrease in its share price.
March 19, 2024 | 11:23 am
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Super Micro Computer's stock price is trading lower following the announcement of a 2,000,000 share public offering.
Public offerings often lead to a decrease in a company's stock price in the short term due to the dilution of existing shares. Given the size of the offering, it's likely to have a significant impact on SMCI's stock price.
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