Franklin Resources Files For Offering Of Up To 31.56M Shares By Selling Stockholder - Filing
Portfolio Pulse from Benzinga Newsdesk
Franklin Resources has filed for an offering of up to 31.56 million shares by a selling stockholder, according to a recent SEC filing.
July 01, 2024 | 8:24 pm
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Franklin Resources has filed for an offering of up to 31.56 million shares by a selling stockholder. This could lead to short-term downward pressure on the stock price due to increased supply.
The offering of a large number of shares by a selling stockholder can increase the supply of shares in the market, potentially leading to a decrease in the stock price in the short term.
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