Landsea Homes Corporation Announces Pricing of Public Secondary Offering
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Landsea Homes Corporation announced a public secondary offering of 6,086,957 shares at $10.25 per share, raising approximately $62.4 million for selling stockholders. The company itself is not selling any shares.
December 06, 2024 | 12:15 pm
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Landsea Homes Corporation announced a secondary offering of shares by selling stockholders, not involving the company directly. This could lead to short-term stock price pressure due to increased supply.
The secondary offering increases the supply of LSEA shares in the market, which can lead to downward pressure on the stock price. The company itself is not selling shares, so the proceeds do not benefit the company directly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100