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Re: Secondary Offering - PR priced at $71.87...fine printShort sales allow price stabilization--that is making sure the underwriter does not get burned by a sudden drop in the stock price. It effectively allows the underwriter to distribute some of the to be sold stock before the shares are available. The stock price around a distribution is legally manipulated to make room for the new shares. A sudden price drop could cause some of the buyers to reneg on commitments prior to close |
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Msg # | Subject | Author | Recs | Date Posted |
33558 | Re: Secondary Offering - PR priced at $71.87...fine print | tufulipo | 0 | 5/25/2017 8:49:37 AM |