Boeing Completes Upsized Common Stock Offering, Issuing 112.5M Shares With Full Underwriters' Option For Additional 16.875M Shares; Offering Closed October 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Boeing has completed an upsized common stock offering, issuing 112.5 million shares with an option for underwriters to purchase an additional 16.875 million shares. The offering closed on October 30, 2024.
October 30, 2024 | 8:40 pm
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Boeing has completed an upsized common stock offering, issuing 112.5 million shares with an option for underwriters to purchase an additional 16.875 million shares. This could lead to short-term stock price pressure due to increased supply.
The issuance of a large number of new shares increases the supply of Boeing's stock, which can lead to downward pressure on the stock price in the short term. The full exercise of the underwriters' option further increases this supply.
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