Kodiak Gas Services Announces Pricing of Upsized Offering of Common Stock by Selling Stockholder
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Kodiak Gas Services, Inc. announced the pricing of an upsized public offering of 5,708,885 shares of its common stock by a selling stockholder at $34.50 per share. The underwriters have a 30-day option to purchase an additional 856,332 shares.
November 15, 2024 | 6:45 am
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Kodiak Gas Services announced an upsized public offering of 5,708,885 shares at $34.50 per share. This could lead to short-term stock price fluctuations due to increased supply.
The announcement of an upsized public offering typically increases the supply of shares in the market, which can lead to downward pressure on the stock price in the short term. The offering price of $34.50 per share sets a benchmark for the market, and the additional option for underwriters to purchase more shares could further impact the stock price.
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