Reported Earlier, Viking Prices Secondary Offering Of 30M Common Shares At $31/Share
Portfolio Pulse from Benzinga Newsdesk
Viking has priced a secondary offering of 30 million common shares at $31 per share. The company is not offering any ordinary shares and will not receive proceeds from this offering.
September 12, 2024 | 7:23 am
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Viking has announced a secondary offering of 30 million shares at $31 each. The company will not receive any proceeds from this offering.
The secondary offering increases the supply of Viking's shares in the market, which could lead to a decrease in the stock price due to dilution. The fact that Viking will not receive any proceeds from this offering may also be viewed negatively by investors.
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