Posted by: Market Watch in Market Information 5 minutes in the past Virgin Galactic Inc. offered 23.6 million shares in a secondary providin
Virgin Galactic Inc. offered 23.6 million shares in a secondary providing priced at $19.50 a share, the space-tourism firm introduced Monday afternoon, elevating about $460 million. Virgin Galactic shares took successful after the corporate introduced the inventory providing final week concurrently quarterly earnings, which confirmed no income for the three-month interval and continued to push again the timeline for the start of journeys to area. Virgin Galactic priced the recent shares consistent with the place they’ve been buying and selling because the decline after earnings; shares closed Monday at $19.23, after closing at larger than $24 forward of final week’s earnings report. Underwriters nonetheless have entry to further shares. Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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