Dime Community Bancshares Announces Pricing of Common Stock Offering
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Dime Community Bancshares, Inc. has announced the pricing of a public offering of 3,906,250 shares of its common stock at $32.00 per share, aiming to raise $125 million.
November 12, 2024 | 1:30 pm
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Dime Community Bancshares is conducting a public offering of 3,906,250 shares at $32 per share, expected to raise $125 million.
The announcement of a public stock offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering price of $32 per share sets a benchmark for the market, which may adjust the current trading price accordingly.
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