Dutch Bros' stock is lower after the company announced the pricing of a secondary public offering of 8 million Class A common shares by selling shareholders at $34 per share.
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros Inc. announced the pricing of a secondary public offering of 8 million Class A common shares at $34 per share, leading to a decrease in its stock price.
March 22, 2024 | 11:07 am
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Dutch Bros Inc. announced a secondary public offering of 8 million Class A shares at $34 each, causing its stock price to drop.
Secondary offerings often lead to a decrease in stock price due to the dilution of existing shares and the perception of the company needing to raise capital. The specific pricing and the size of the offering are directly impacting Dutch Bros' stock.
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