EQT completes public offering of common stock of Kodiak Gas Services
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EQT has completed a public offering of 5,500,000 shares of Kodiak Gas Services, resulting in gross proceeds of $232,925,000. The offering was underwritten by Goldman Sachs & Co. LLC and J.P. Morgan.
December 13, 2024 | 9:45 pm
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Kodiak Gas Services completed a public offering of 5,500,000 shares, raising $232.9M. This could impact the stock price due to increased share supply.
The public offering increases the supply of Kodiak Gas Services shares, which could lead to a short-term decrease in stock price due to dilution. The significant amount raised indicates strong investor interest, but the immediate impact is likely negative due to increased share supply.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90