Orion Group Disclosed That It Has Priced Its Previously Announced Underwritten Public Offering Of 4,860,000 Shares Of Its Common Stock At A Public Offering Price Of $5.15 Per Share
Portfolio Pulse from Benzinga Newsdesk
Orion Group has announced the pricing of its underwritten public offering of 4,860,000 shares of common stock at $5.15 per share.
September 11, 2024 | 11:32 am
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Orion Group has priced its public offering of 4,860,000 shares at $5.15 per share, which may lead to short-term stock price fluctuations due to increased supply.
The announcement of a public offering typically increases the supply of shares, which can lead to a decrease in stock price in the short term. The offering price of $5.15 per share provides a benchmark for investors, potentially influencing market perception and trading activity.
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