Dorian LPG Ltd Priced Public Offering of 2M Common Shares at $44.50/Share
Portfolio Pulse from Benzinga Newsdesk
Dorian LPG Ltd. (NYSE:LPG) has priced its public offering of 2 million common shares at $44.50 per share. The net proceeds will be used for general corporate purposes, and underwriters have a 30-day option to purchase an additional 300,000 shares.
June 06, 2024 | 11:52 am
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Dorian LPG Ltd. has priced its public offering of 2 million common shares at $44.50 per share. The net proceeds will be used for general corporate purposes, and underwriters have a 30-day option to purchase an additional 300,000 shares.
The public offering of shares typically leads to a dilution of existing shares, which can put downward pressure on the stock price in the short term. The use of proceeds for general corporate purposes does not provide a specific catalyst for growth.
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