Dorian LPG shares are trading lower after the company announced a public offering of common shares.
Portfolio Pulse from Benzinga Newsdesk
Dorian LPG shares are trading lower following the company's announcement of a public offering of common shares.
June 06, 2024 | 10:08 am
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Dorian LPG shares are trading lower after the company announced a public offering of common shares. This move typically dilutes existing shareholders' value, leading to a decrease in stock price.
The announcement of a public offering usually results in a dilution of existing shares, which often leads to a decrease in the stock price as the market adjusts to the increased supply of shares.
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