Zeta Global Holdings shares are trading lower after the company announced a proposed public offering of 11 million shares of Class A common stock.
Portfolio Pulse from Benzinga Newsdesk
Zeta Global Holdings shares are declining following the announcement of a proposed public offering of 11 million shares of Class A common stock.
September 04, 2024 | 8:38 pm
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Zeta Global Holdings' stock is trading lower due to the announcement of a public offering of 11 million Class A shares, which may dilute existing shareholders' value.
The announcement of a public offering typically leads to a decrease in stock price due to potential dilution of existing shares. Investors may react negatively as the increased supply of shares can lower the stock's value.
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