Reported Earlier, Life Time Prices Public Offering Of 12M Common Shares At $21.75/Share
Portfolio Pulse from Benzinga Newsdesk
Life Time Group Holdings, Inc. (LTH) has priced a public offering of 12 million common shares at $21.75 per share.
August 13, 2024 | 8:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Life Time Group Holdings, Inc. (LTH) has announced the pricing of a public offering of 12 million common shares at $21.75 per share. This move is likely to dilute existing shares and could put short-term pressure on the stock price.
The issuance of 12 million new shares at $21.75 each will likely dilute the value of existing shares, leading to potential short-term downward pressure on the stock price. Investors may react negatively to the dilution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100