Similarweb Announces Pricing Of $27.475M Secondary Offering Of 3.5M Shares Of Common Stock At A Price Of $7.85 By A Selling Shareholder
Portfolio Pulse from Benzinga Newsdesk
Similarweb Ltd. announced a secondary offering of 3.5 million shares at $7.85 each, totaling $27.475 million. The offering is by a selling shareholder, and Similarweb will not receive any proceeds. The offering is expected to close on September 16, 2024.
September 13, 2024 | 12:33 pm
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Similarweb's secondary offering involves 3.5 million shares at $7.85 each, totaling $27.475 million. The company will not receive proceeds as the shares are sold by a shareholder. This could affect stock liquidity and price.
The secondary offering increases the number of shares available in the market, which can affect liquidity and potentially the stock price. However, since the company does not receive proceeds, the direct financial impact on Similarweb is limited.
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