Stevanato Group Prices Upsized Public Offering Of 12.7M Ordinary Shares At $26/Share
Portfolio Pulse from Benzinga Newsdesk
Stevanato Group has announced an upsized public offering of 12.7 million ordinary shares at $26 per share. The offering is split equally between the company itself and Stevanato Holding S.r.l., a major shareholder holding about 78% of the company's shares.
March 22, 2024 | 5:47 am
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Stevanato Group's upsized public offering could lead to dilution of existing shares but also provides capital for growth. The offering is priced at $26 per share, totaling 12.7 million shares.
The offering could lead to dilution for current shareholders, potentially putting downward pressure on the stock price in the short term. However, the capital raised could be used for growth initiatives, which might benefit the company in the long term. The immediate impact is likely negative due to the dilution effect.
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