Ares Management shares are trading lower after the company announced the pricing of an offering of 2.650 million Class A common stock at $134.75/Share
Portfolio Pulse from Benzinga Newsdesk
Ares Management shares are trading lower after the company announced the pricing of an offering of 2.650 million Class A common stock at $134.75 per share.
June 13, 2024 | 11:42 am
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Ares Management shares are trading lower after the company announced the pricing of an offering of 2.650 million Class A common stock at $134.75 per share.
The announcement of a stock offering typically leads to a decrease in share price due to dilution concerns. The pricing of the offering at $134.75 per share may also be perceived as lower than expected, contributing to the negative sentiment.
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IMPORTANCE 80
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