UP Fintech Holding Announced The Pricing Of A Public Offering Of 15M American Depositary Shares, Each Representing 15 Class A Ordinary Shares Of The Company, At A Public Offering Price Of $6.25 Per ADS
Portfolio Pulse from Benzinga Newsdesk
UP Fintech Holding has announced the pricing of a public offering of 15 million American Depositary Shares (ADS), each representing 15 Class A Ordinary Shares, at $6.25 per ADS.
October 23, 2024 | 11:21 am
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UP Fintech Holding has set the price for its public offering of 15 million ADS at $6.25 each. This move could impact the stock price as it may lead to dilution of existing shares.
The announcement of a public offering typically leads to a short-term decrease in stock price due to the potential dilution of existing shares. The offering price of $6.25 per ADS provides a benchmark for the market, which may adjust the stock price accordingly.
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