Red Violet, Inc. prices a $100 million public stock offering at $60.00 per share, according to reports. The company sells 1.67 million shares in the offering. Following the pricing, Red Violet’s shares decline, as noted by one outlet, reflecting market reaction to the newly issued shares and the capital raise. The offering is described as a public stock offering, with the final price per share set at $60.00. The proceeds are reported as $100 million, though specific use of proceeds is not detailed in the provided excerpts. The two sources align on the main terms: the total offering size, the number of shares sold, and the per-share price. Overall, the coverage centers on the successful pricing of the offering and the immediate trading reaction afterward.
Red Violet prices $100 million public stock offering at $60 per share
Red Violet, Inc. prices a $100 million public stock offering at $60.00 per share, according to reports. The company sells 1.67 million shares in the offering. Following the pricing, Red Violet’s share...
2 sources
4 hours ago
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Key Points
- Red Violet prices a public stock offering at $60.00 per share.
- The offering size is reported as $100 million.
- The company sells about 1.67 million shares in the offering.
- Red Violet shares move lower after the offering is priced.
- The coverage focuses on the offering’s pricing and immediate market reaction.
How Outlets Covered This Story
SEE
Seeking Alpha
Red Violet shares slide after pricing 1.67M share offering at $60.00/share to raise $100M
2 hours ago
INV
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