REUTERS/Joe Skipper. Tesla priced its secondary stock offering at $767 a share, a nearly 5% discount on the stock's Thursday closing price. The company will raise around $2 billion from the sale. Editor's Note: With this column, we introduce Ben Holmes' separate coverage of secondary offerings. While many might view secondary stock offerings as a poor cousin to the IPO market, knowing what The move comes after the company announced a $2 billion secondary offering, with an option for an additional $300 million. It’s no surprise that the stock initially dipped on the news. Secondary Offering Details: Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy company and a leader in predictive target discovery, today announced that it has commenced an underwritten public offering, subject to market and other conditions, to issue and sell its ordinary shares. Public companies use a secondary offering to sell new shares of stock on the market. If a stock you own issues a secondary offering, it can affect the stocks you already hold by decreasing your ownership share and changing the value. Stockholders in a company that issues a secondary offering should research the
The electric automaker said Friday it has priced its secondary stock offering at $767 a share — a 4.6 percent discount on its Thursday closing price, but nearly 80 percent higher than it was at Elon Musk's electric vehicle maker Tesla Inc. - Get Report plans to price its secondary stock offering at $767 a share, according to a published report late Thursday. Shares of the electric When a company increases the number of shares issued through a secondary offering, it generally has a negative effect on the stock's price. Learn more on how the price is affecting by share dilution. Secondary Offering: A secondary offering is the issuance of new or closely held shares for public sale by a company that has already made an initial public offering (IPO). There are two types of
13 Feb 2020 The company said earlier Thursday that it will raise $2 billion by issuing new common stock, less than two weeks after Musk, its founder and CEO 14 Feb 2020 Tesla said Friday it has priced its secondary stock offering at $767 a share — a 4.6 percent discount on its Thursday closing price.
Companies often decide that they want to raise more capital on the financial markets. For publicly traded companies, issuing more stock through a secondary offering is an option to get cash for
REUTERS/Joe Skipper. Tesla priced its secondary stock offering at $767 a share, a nearly 5% discount on the stock's Thursday closing price. The company will raise around $2 billion from the sale. Editor's Note: With this column, we introduce Ben Holmes' separate coverage of secondary offerings. While many might view secondary stock offerings as a poor cousin to the IPO market, knowing what The move comes after the company announced a $2 billion secondary offering, with an option for an additional $300 million. It’s no surprise that the stock initially dipped on the news. Secondary Offering Details: Compugen Ltd. (Nasdaq: CGEN), a clinical-stage cancer immunotherapy company and a leader in predictive target discovery, today announced that it has commenced an underwritten public offering, subject to market and other conditions, to issue and sell its ordinary shares. Public companies use a secondary offering to sell new shares of stock on the market. If a stock you own issues a secondary offering, it can affect the stocks you already hold by decreasing your ownership share and changing the value. Stockholders in a company that issues a secondary offering should research the The distinction between a secondary offering and an IPO must be understood beyond a simple transfer of stock ownership. The aim of ownership transfer in an IPO is to raise capital funding for this issuing company. A secondary offering simply transfers ownership between investors in the market place. Get the latest news on recent and upcoming IPOs (initial public offerings), pricing and filings for new issues, and today’s top-performing IPO stocks.