CS Disco Selling Shareholders Offload $292M Stock Via Equity Offering

Loading...
Loading...
  • CS Disco Inc LAW priced 5.5 million shares by selling shareholders at $53 per share to raise $291.5 million in a secondary public offering.
  • The offer price implies a 0.4% discount to CS Disco's September 14 closing price of $53.23. The company's stock declined 7% yesterday, after the announcement about the stock sale.
  • The underwriters have a 30-day option to purchase additional shares up to 0.55 million.
  • CS Disco will not receive any proceeds from the share sale.
  • Price Action: LAW shares closed lower by 7.36% at $53.23 on Tuesday.
Posted In: NewsOfferingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...