First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common Stock
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First Watch Restaurant Group, Inc. announced the pricing of a secondary offering of 8 million shares at $19.95 per share by Advent International. The offering is expected to close on November 13, 2024.
November 12, 2024 | 2:45 pm
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First Watch Restaurant Group is conducting a secondary offering of 8 million shares at $19.95 per share. This could impact the stock price as it increases the supply of shares in the market.
The secondary offering increases the number of shares available in the market, which can lead to a decrease in stock price due to higher supply. The offering price of $19.95 may also set a benchmark for the stock's value in the short term.
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