Reported Earlier, InvenTrust Properties Raised $224M Via Upsized Secondary Stock Offering Of 8M Shares (Prior $6.5M Shares) At $28/Share
Portfolio Pulse from Benzinga Newsdesk
InvenTrust Properties Corp. raised $224 million through an upsized secondary stock offering of 8 million shares at $28 per share. The proceeds will be used for acquisitions, debt repayment, and working capital.
September 24, 2024 | 6:54 am
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InvenTrust Properties Corp. successfully raised $224 million through an upsized secondary stock offering, increasing the share count from 6.5 million to 8 million at $28 per share. The funds will be used for acquisitions, debt repayment, and working capital.
The successful upsized stock offering indicates strong investor demand and provides InvenTrust with significant capital for strategic initiatives. This is likely to positively impact the stock price in the short term as the company strengthens its financial position.
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