Valley National Bancorp Announces Pricing of Common Stock Offering
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Valley National Bancorp has announced the pricing of a public offering of 42,780,748 shares of its common stock at $9.35 per share, aiming to raise $400 million.
November 08, 2024 | 3:45 am
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Valley National Bancorp is conducting a public offering of 42,780,748 shares at $9.35 each, aiming to raise $400 million.
The announcement of a large common stock offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering price of $9.35 per share may also set a near-term price ceiling.
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