EVgo Inc. Announces Pricing of Secondary Offering of Class A Common Stock
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EVgo Inc. announced the pricing of a secondary offering of 23 million Class A common stock shares at $5.00 per share by EVgo Holdings, LLC, an affiliate of LS Power. The offering includes a 30-day option for underwriters to purchase additional shares.
December 17, 2024 | 12:45 pm
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EVgo Inc. has announced a secondary offering of 23 million Class A shares at $5.00 each. This could lead to short-term stock price fluctuations due to increased supply.
The secondary offering increases the supply of EVgo's shares in the market, which could lead to downward pressure on the stock price in the short term. The offering price of $5.00 per share may also influence investor perception and trading activity.
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