Secondary Stock OfferingsBy The Online Investor Staff, updated Sat., May. 8, 5:31 AM
|This Slide: #13 of 25|
Slide #13. RealNetworks, Inc. — Secondary Offering
RealNetworks, Inc. (NASDAQ:RNWK)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
RealNetworks, Inc. (NASDAQ: RNWK) ("RealNetworks"), today announced that it has commenced a proposed underwritten public offering of its common stock pursuant to RealNetworks' shelf registration statement. In connection with this offering, RealNetworks expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering at the offering price, less underwriting discounts and commissions, to cover over-allotments, if any. RealNetworks intends to use the net proceeds of the offering for working capital and general corporate purposes. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 4/27- RealNetworks, Inc. (NASDAQ: RNWK) ("RealNetworks") today announced that it has priced its previously announced underwritten public offering of an aggregate of 8,250,000 shares of its common stock at a price to the public of $2.70 per share pursuant to its existing shelf registration statement, for gross proceeds of $22,275,000. RealNetworks has also granted to the underwriter of the offering a 30-day option to purchase up to an additional 1,237,500 shares of common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. RealNetworks intends to use the net proceeds of the offering for working capital and general corporate purposes. This offering is expected to close on or about April 29, 2021, subject to satisfaction of customary closing conditions.
RealNetworks is a provider of network-delivered digital media applications and services. Co. develops and markets software products and services that enable the creation, distribution and consumption of digital media, including audio and video. Co. has the following segments: Consumer Media, which is primarily engaged in the licensing of its portfolio of video codecs; Mobile Services, which consists of the various digital media services Co. provides to mobile and online service providers as software as a service offerings; Games, which is focused on the development, publishing, and distribution of casual games; and Napster, which provides music products and services to consumers.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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