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
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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.
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IMPORTANCE 80
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