Viking Announces Launch Of 30M Share Secondary Public Offering By Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
Viking has announced a secondary public offering of 30 million shares by selling shareholders. This move does not involve the issuance of new shares by the company itself.
September 09, 2024 | 8:15 pm
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Viking's secondary public offering of 30 million shares by selling shareholders could lead to short-term stock price fluctuations due to changes in supply and demand dynamics.
The secondary offering increases the supply of shares in the market, which can lead to a decrease in stock price if demand does not match the increased supply. Since the company is not issuing new shares, it does not directly benefit from the offering, which might concern investors.
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