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.
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RELEVANCE 90