Life Time Announces Pricing of Secondary Offering of 23,000,000 Shares of Common Stock
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Life Time Group Holdings, Inc. announced the pricing of a secondary offering of 23 million shares by selling stockholders, generating gross proceeds of $699.2 million.
February 28, 2025 | 12:00 pm
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Life Time Group Holdings announced a secondary offering of 23 million shares, raising $699.2 million. This could lead to short-term stock price pressure due to increased supply.
The secondary offering increases the supply of LTH shares in the market, which can lead to downward pressure on the stock price in the short term. The offering is significant in size, raising $699.2 million, which is likely to impact investor sentiment.
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