Jamf Holding Said On May 13, Entered Underwriting Agreement; Post Underwriting Agreement, Selling Stockholders To Sell 9M Shares Of Common Stock To Underwriters At Price Per Share Of $17.52
Portfolio Pulse from Benzinga Newsdesk
Jamf Holding has entered into an underwriting agreement on May 13, allowing selling stockholders to sell 9 million shares of common stock to underwriters at a price of $17.52 per share, according to an SEC filing.
May 16, 2024 | 8:29 pm
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Jamf Holding has entered into an underwriting agreement, enabling selling stockholders to sell 9 million shares at $17.52 per share. This could lead to short-term downward pressure on the stock price due to the increased supply of shares in the market.
The sale of 9 million shares by selling stockholders at a set price of $17.52 per share is likely to increase the supply of shares in the market, which could lead to a decrease in the stock price in the short term.
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