Reported Earlier, FTAI Aviation Prices Secondary Offering Of 2,090,561 Ordinary Shares For ~$171.426M
Portfolio Pulse from Benzinga Newsdesk
FTAI Aviation has priced a secondary offering of 2,090,561 ordinary shares for approximately $171.426 million. The shares will be offered by the underwriter on the Nasdaq Global Select Market and other venues. The offering is expected to close on May 30, 2024, subject to customary closing conditions.
May 29, 2024 | 6:35 am
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FTAI Aviation has announced a secondary offering of 2,090,561 ordinary shares for approximately $171.426 million. The offering is expected to close on May 30, 2024, subject to customary closing conditions.
The secondary offering will increase the supply of FTAI shares in the market, which could put downward pressure on the stock price in the short term. The offering's closure is subject to customary conditions, adding some uncertainty.
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