Stevanato Group Reports Launch Of Public Offering Of An Aggregate Of $300M Of Its Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Stevanato Group has announced a public offering of $300 million of its ordinary shares, divided equally between the company itself and Stevanato Holding S.r.l., its affiliate and major shareholder. Stevanato Holding currently owns about 78% of Stevanato Group's outstanding shares.
March 20, 2024 | 9:14 pm
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Stevanato Group is launching a public offering of $300 million of its ordinary shares, which could dilute current shareholders' equity but also provide the company with capital for growth.
The offering of $300 million in ordinary shares by Stevanato Group and its major shareholder could lead to short-term volatility in STVN's stock price due to potential concerns over equity dilution. However, the capital raised could be used for growth initiatives, which might positively influence the company's long-term value. The impact is considered neutral in the short term due to these balancing factors.
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