Reported Earlier, Zeta Global Prices $204.9M Public Offering Of 13.2M Class A Common Shares At $23.50/Share
Portfolio Pulse from Benzinga Newsdesk
Zeta Global has announced a public offering of 13.2 million Class A common shares at $23.50 per share, raising $204.9 million. The offering includes shares from both Zeta and a selling stockholder, with a 30-day option for underwriters to purchase additional shares. Proceeds will be used for general corporate purposes, including potential future acquisitions.
September 05, 2024 | 6:34 am
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Zeta Global's public offering of 13.2 million shares at $23.50 each aims to raise $204.9 million. The proceeds will be used for general corporate purposes, including potential acquisitions. The offering is expected to close on September 6, 2024.
The public offering is a significant equity action for Zeta Global, potentially impacting its stock price. The use of proceeds for general corporate purposes and acquisitions suggests a neutral to positive outlook, but the immediate impact on stock price is uncertain.
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