Reported Earlier, LifeStance Health Group Prices Secondary Public Offering Of 20M Common Shares At $6.25/Share
Portfolio Pulse from Benzinga Newsdesk
LifeStance Health Group has priced a secondary public offering of 20 million common shares at $6.25 per share. The selling stockholders will receive all proceeds from the offering, and the company will not receive any proceeds.
May 22, 2024 | 6:52 am
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LifeStance Health Group has announced a secondary public offering of 20 million common shares at $6.25 per share. The company will not receive any proceeds from this offering as all proceeds will go to the selling stockholders.
The secondary offering increases the supply of shares in the market, which can put downward pressure on the stock price. Additionally, the fact that the company will not receive any proceeds may be viewed negatively by investors.
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