BrightView Announces Pricing Of Secondary Offering Of 17.5M Shares; No Shares Sold By BrightView; Selling Stockholder To Receive All Proceeds From Offering
Portfolio Pulse from Benzinga Newsdesk
BrightView Holdings, Inc. (BV) announced the pricing of a secondary offering of 17.5 million shares. No shares are being sold by BrightView itself; all proceeds will go to the selling stockholder.
May 20, 2024 | 8:31 pm
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BrightView Holdings, Inc. (BV) has announced the pricing of a secondary offering of 17.5 million shares. The company itself is not selling any shares, and all proceeds will go to the selling stockholder.
The secondary offering increases the supply of shares in the market, which can put downward pressure on the stock price. Since BrightView is not receiving any proceeds, there is no direct financial benefit to the company from this offering.
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