Reported Earlier, Hess Midstream Prices Upsized Secondary Public Offering Of 11M Class A Shares
Portfolio Pulse from Benzinga Newsdesk
Hess Midstream has announced the pricing of an upsized secondary public offering of 11 million Class A shares. This move could impact the stock price and investor sentiment in the short term.
September 19, 2024 | 6:44 am
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Hess Midstream has priced an upsized secondary public offering of 11 million Class A shares, which may lead to short-term stock price fluctuations.
The upsized secondary public offering increases the supply of shares, which can lead to a decrease in stock price due to dilution. This is a significant event for Hess Midstream, as it directly affects the equity structure and market perception.
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