Reported Earlier, Fidelis Insurance Prices Secondary Offering Of 9M Common Shares At $167/Share
Portfolio Pulse from Benzinga Newsdesk
Fidelis Insurance Group has priced a secondary offering of 9 million common shares at $167 per share. The company itself is not selling any shares and will not receive any proceeds from this sale. The offering is expected to close on May 28, 2024, subject to customary closing conditions.
May 23, 2024 | 6:43 am
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Fidelis Insurance Group has announced a secondary offering of 9 million common shares at $167 per share. The company will not receive any proceeds from this sale.
The secondary offering of shares is priced at $167 each, but since Fidelis Insurance Group is not selling any shares and will not receive any proceeds, the direct financial impact on the company is neutral. However, the stock price might experience some volatility due to the increased supply of shares in the market.
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