Zeta Commences Proposed Public Offering Of 11M Shares Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Zeta Global Holdings Corp. has announced a public offering of 11 million shares of its Class A common stock. This move is likely aimed at raising capital for the company.
September 04, 2024 | 8:36 pm
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Zeta Global Holdings Corp. is initiating a public offering of 11 million shares of Class A common stock. This could lead to a short-term decrease in stock price due to dilution concerns.
The issuance of new shares typically leads to dilution of existing shares, which can result in a decrease in stock price. Investors may react negatively in the short term as the market adjusts to the increased supply of shares.
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