SL Green Realty Corp. Announces Pricing of 5,063,291 Shares of Common Stock
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SL Green Realty Corp. has announced the pricing of an underwritten public offering of 5,063,291 shares of its common stock at $79.00 per share. The offering includes an option for underwriters to purchase an additional 759,493 shares. The offering is expected to close on November 25, 2024.
November 22, 2024 | 2:30 am
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SL Green Realty Corp. has priced a public offering of over 5 million shares at $79.00 each, potentially increasing the total shares if underwriters exercise their option. This could lead to short-term stock price fluctuations.
The issuance of new shares can lead to dilution of existing shares, potentially putting downward pressure on the stock price in the short term. The offering price of $79.00 per share may also influence market perception and trading activity.
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