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Kyivstar Group Ltd. Announces Pricing of Secondary Offering of Common Shares
Globenewswire· 2026-01-30 02:06
Core Viewpoint - Kyivstar Group Ltd. announced the pricing of a public offering of 12,500,000 common shares at a price of USD 10.50 per share, with the offering expected to close on February 2, 2026 [1][2]. Group 1: Offering Details - The offering is conducted by VEON Amsterdam B.V. and other selling shareholders, with Kyivstar not selling any shares [1]. - The underwriters have a 30-day option to purchase an additional 1,875,000 common shares at the public offering price [1]. - The offering is subject to customary closing conditions and is being managed by Morgan Stanley, Barclays, Cantor, and Rothschild & Co [2]. Group 2: Company Background - Kyivstar Group Ltd. is a Nasdaq-listed holding company and operates JSC Kyivstar, which is Ukraine's leading digital operator [5]. - The company provides a wide range of services including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions [5]. - Together with VEON, Kyivstar plans to invest USD 1 billion in Ukraine from 2023 to 2027 for infrastructure and technological development [6].
Kyivstar Announces Pricing of Secondary Offering of Common Shares Held by VEON - Kyivstar Group (NASDAQ:KYIV), VEON (NASDAQ:VEON)
Benzinga· 2026-01-30 01:50
NEW YORK, New York, January 29, 2026 -- VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or, together with its subsidiaries, the "VEON Group") notes that Kyivstar Group Ltd. (NASDAQ:KYIV, KYIVW)) ("Kyivstar" or the "Company"), Ukraine's leading digital operator, today announced the pricing of the public offering of 12,100,000 common shares held by VEON Amsterdam B.V., the principal shareholder of the Company, and 400,000 common shares held by certain other selling shareholders (collectively, the " ...
Andean Precious Metals Announces C$83.1 Million Bought Public Secondary Offering of Common Shares
Globenewswire· 2026-01-20 22:02
Core Viewpoint - Andean Precious Metals Corp. has announced a secondary offering of 7,915,000 common shares at a price of C$10.50 per share, aiming to strengthen its shareholder base and improve trading liquidity [1][3]. Group 1: Secondary Offering Details - The secondary offering will generate aggregate gross proceeds of C$83,107,500 for the Selling Shareholder, PMB Partners LP [1]. - The Underwriters have a one-time option to purchase an additional 15% of the common shares to cover over-allotments [2]. - The net proceeds from the offering will go directly to the Selling Shareholder, with the Company not receiving any proceeds [3]. Group 2: Shareholder and Ownership Structure - Following the secondary offering, the Selling Shareholder will own approximately 47.94% of the outstanding common shares, down from 53.22% [8][9]. - If the Underwriters' option is fully exercised, the Selling Shareholder's ownership will further decrease to 47.15% [9]. Group 3: Strategic Intent - The transaction is intended to attract institutional investors and increase public float, thereby enhancing liquidity without diluting existing shareholders [3][4]. - The Executive Chairman and CEO, Alberto Morales, emphasized his commitment to the Company's strategy and long-term value creation [5]. Group 4: Regulatory and Offering Process - The common shares will be offered publicly in all Canadian provinces and territories, except Québec and Nunavut, and may also be offered to qualified institutional buyers in the U.S. under Rule 144A [6]. - The offering is subject to corporate and regulatory approvals and is expected to close around January 28, 2026 [5]. Group 5: Lock-Up Agreements - The Selling Shareholder has agreed not to sell any common shares for 90 days post-closing, and the Company will also refrain from issuing new shares during this period [7].
DoubleDown Interactive Announces Pricing of Secondary Offering by Selling Shareholder
Globenewswire· 2025-12-17 13:00
Core Viewpoint - DoubleDown Interactive Co., Ltd. has announced a secondary offering of 2,330,468 American Depositary Shares (ADSs) at a price of $8.00 per ADS, which will be sold by the Selling Shareholder, STIC Special Situation Diamond Limited, without changing the number of outstanding Common Shares [1][2]. Group 1: Offering Details - The offering consists entirely of ADSs sold by the Selling Shareholder, and the company will not receive any proceeds from this sale [2]. - The offering is expected to close on or about December 18, 2025, pending customary closing conditions [2]. - Roth Capital Partners is the Lead Bookrunning Manager, while Texas Capital Securities is the Co-Bookrunning Manager for the offering [2]. Group 2: Registration and Compliance - The ADSs are being offered under a shelf registration statement on Form F-3, which was filed with the SEC on September 19, 2025, and declared effective on September 30, 2025 [3]. - The offering will be made only through a prospectus supplement and accompanying prospectus that are part of the Registration Statement [4]. Group 3: Company Overview - DoubleDown Interactive is a leading developer and publisher of digital games on mobile and web-based platforms, known for its flagship social casino title, DoubleDown Casino [7]. - The company has expanded its social casino platform through the acquisition of WHOW Games GmbH, a developer based in Hamburg, Germany [7]. - The subsidiary, SuprNation, operates three real-money iGaming sites in Western Europe [7].
Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG
Businesswire· 2025-11-05 01:09
Core Points - Corebridge Financial, Inc. announced the pricing of a secondary offering of common stock by American International Group, Inc. at $31.10 per share, expected to close on November 6, 2025 [1][2] - AIG is offering 32.6 million existing shares, which corresponds to approximately $1.0 billion in gross proceeds, with all net proceeds going to AIG [2] - Corebridge Financial intends to purchase approximately $500 million of common stock from the underwriter at the same price, funded by cash on hand, subject to the completion of the offering [3] Company Overview - Corebridge Financial manages over $380 billion in assets as of September 30, 2025, positioning itself as one of the largest providers of retirement solutions and insurance products in the United States [6]
Diversified Energy Announces Pricing of Secondary Offering of Ordinary Shares - Diversified Energy (NYSE:DEC)
Benzinga· 2025-09-17 00:37
Core Viewpoint - Diversified Energy Company PLC has announced the pricing of a secondary offering of ordinary shares, with a total of 5,713,353 shares priced at $13.75 each, and an additional option for underwriters to purchase up to 857,002 shares [1][2]. Summary by Sections Secondary Offering Details - The secondary offering consists entirely of ordinary shares sold by selling stockholders, with Diversified not offering any shares or receiving proceeds from the sale [2]. - The offering is expected to settle on September 18, 2025, pending customary closing conditions [2]. Participation and Related Transactions - The Diversified Employee Benefit Trust intends to purchase 750,000 shares at the public offering price, totaling $10,312,500, which constitutes a related party transaction due to connections with Diversified's director [3]. - The shares were originally issued as part of the acquisition of Maverick Natural Resources, LLC, completed on March 14, 2025 [3]. Underwriters and Management - Mizuho and Raymond James are acting as joint book-running managers for the offering, with Citigroup also participating as a joint book-running manager [4]. - The offering is supported by a shelf registration statement filed with the SEC, which became effective upon filing [5]. Company Overview - Diversified Energy focuses on acquiring and managing energy assets, including natural gas and liquids production, and is recognized for its sustainability leadership [8].
Diversified Energy Announces Pricing of Secondary Offering of Ordinary Shares
Globenewswire· 2025-09-17 00:37
Core Viewpoint - Diversified Energy Company PLC has announced the pricing of a secondary offering of ordinary shares, with a total of 5,713,353 shares priced at $13.75 each, and an additional option for underwriters to purchase up to 857,002 shares [1][2]. Group 1: Secondary Offering Details - The secondary offering consists entirely of ordinary shares sold by selling stockholders, with Diversified not offering any shares or receiving proceeds from the sale [2]. - The offering is expected to settle on September 18, 2025, pending customary closing conditions [2]. - The Diversified Employee Benefit Trust intends to purchase 750,000 shares at the public offering price, totaling $10,312,500, which constitutes a related party transaction [3]. Group 2: Underwriters and Management - Mizuho and Raymond James are acting as joint book-running managers for the secondary offering, with Citigroup also participating as a joint book-running manager [4]. - The board of directors has confirmed that the related party transaction is fair and reasonable for shareholders, with advice from Stifel Nicolaus Europe Limited [3]. Group 3: Company Overview - Diversified Energy is an independent energy company focused on natural gas and liquids production, transportation, marketing, and well retirement, recognized for its sustainability leadership [8].
Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares
Globenewswire· 2025-09-16 20:16
Core Viewpoint - Diversified Energy Company PLC is launching a secondary offering of 5,713,353 ordinary shares managed by certain funds or entities affiliated with EIG, with an additional option for underwriters to purchase up to 857,002 shares [1][2] Group 1: Offering Details - The secondary offering consists entirely of ordinary shares sold by the Selling Stockholders, who will receive all net proceeds from the offering [2] - The Diversified Employee Benefit Trust has expressed interest in purchasing up to 750,000 ordinary shares at the public offering price, although no commitment has been made [1] - Mizuho and Raymond James are acting as joint book-running managers for the offering, with Citigroup also participating [3] Group 2: Regulatory Information - A shelf registration statement for the resale of these securities was filed with the SEC on May 16, 2025, and became effective upon filing [4] - The secondary offering will be conducted only through a prospectus supplement and an accompanying prospectus [4] Group 3: Company Overview - Diversified Energy is focused on acquiring, managing, and optimizing a portfolio of cash-generative energy assets, including natural gas and liquids production, transport, marketing, and well retirement [6][8] - The company aims to improve environmental and operational performance of its long-life assets before retiring them safely and securely [6][8]
Dole plc (DOLE): A Bull Case Theory
Yahoo Finance· 2025-09-16 16:32
Core Thesis - Dole plc is viewed positively due to its stable cash-generative business model and the recent secondary offering, which is seen as a liquidity-driven move rather than a sign of fundamental weakness [2][4]. Financial Performance - Dole's current estimates indicate an EBITDA of approximately $385 million, interest expense of $67 million, and maintenance capital expenditure of $100 million, resulting in roughly $170 million of free cash flow [3]. - The company has a market capitalization of around $1.2 billion and net debt of $800 million, leading to an enterprise value near $2 billion, which implies a valuation of 5.4x EBITDA and 7.5x P/FCF, significantly lower than peers like Fresh Del Monte (7.8x EBITDA) and Tyson Foods (8x EBITDA) [3]. Secondary Offering - Dole is proceeding with a $164 million secondary offering, representing 11.3% of shares outstanding, primarily expected to be absorbed by long-only investors, which may provide price support and potentially restore the stock above $14 [2][3]. Market Position and Potential - With the exit of the Murdock estate, the overhang on Dole shares is lifted, allowing for a strategic review, including potential sale or delisting [4]. - The stock has historically traded between $10 and $15, and currently offers upside potential, with average analyst price targets approximately 34% above the offering price [4]. Investment Sentiment - The overall sentiment around Dole is bullish, with multiple potential catalysts for revaluation, presenting a compelling risk/reward scenario as it trades at a substantial discount to its intrinsic value [4][5].
V2X, INC. ANNOUNCES SALE OF 2.0 MILLION SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
Prnewswire· 2025-08-08 10:45
Core Viewpoint - V2X, Inc. announced the sale of 2.0 million shares of its common stock by Vertex Aerospace, with V2X not participating in the sale and not receiving any proceeds from it [1] Group 1: Offering Details - The offering is underwritten by RBC Capital Markets, which will sell the shares through various methods including direct sales and brokerage transactions on the New York Stock Exchange [2] - V2X has agreed to repurchase 200,000 shares from the underwriter at the same price paid by RBC Capital Markets for the shares sold by Vertex Aerospace, using cash on hand for this repurchase [3] Group 2: Ownership and Governance Changes - After the offering, Vertex Aerospace will own approximately 32.3% of V2X's outstanding common stock, totaling 10,167,286 shares [4] - Following the transaction's closing, two directors designated by Vertex Aerospace will resign from V2X's Board of Directors by the 2026 Annual Meeting, and Vertex Aerospace will have limited rights regarding board committee designations and certain corporate actions [4] Group 3: Regulatory Information - A registration statement for the offering was declared effective by the SEC on September 12, 2022, and the offering will be conducted according to the prospectus contained in that registration statement [5]