Reported Earlier, Cohen & Steers Raises $70M In Gross Proceeds From At-The-Market Equity Offering
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers, Inc. (CNS) successfully raised approximately $70M in gross proceeds through an at-the-market equity offering, selling over 1 million shares at an average price of $69.60. After commissions and estimated expenses, the net proceeds are expected to be around $68.4 million.
April 23, 2024 | 7:42 am
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Cohen & Steers, Inc. raised approximately $70M in gross proceeds from an at-the-market equity offering, indicating a strong market demand for its shares.
The successful completion of the at-the-market equity offering by Cohen & Steers, Inc. suggests a positive market reception and investor confidence in the company. This influx of capital can be used for various strategic initiatives, potentially enhancing the company's financial flexibility and growth prospects. The average selling price of $69.60 per share also reflects a healthy demand for CNS shares, which could have a positive short-term impact on the stock price.
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