The Online Investor

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Jan. 20, 11:28 PM

Slide #25. Verra Mobility Secondary Offering

Company: Verra Mobility (NASDAQ:VRRM)
Date announced: 12/7/2021
Shares Offered: 8,207,821
Secondary Offering Details: Verra Mobility (NASDAQ: VRRM) ("Verra Mobility" or the "Company"), a leading provider of smart mobility technology solutions, announced today that one of its principal shareholders, an affiliate of Platinum Equity, LLC (the "Selling Stockholder"), has commenced a secondary offering of 8,207,821 shares of its Class A common stock (the "Offering"). The Company is not offering any shares of its Class A common stock in the Offering and will not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.

Verra Mobility is a provider of smart mobility technology solutions and services. Co.'s segments are: Commercial Services, which provides automated toll and violations management and title and registration solutions to rental car companies, fleet management companies and other fleet owners in North America; and Government Solutions, which provides local government agencies with road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. Co.'s hardware and software technologies provide local government agencies the information, data, and automated end-to-end administrative capabilities to enforce traffic violations via photo enforcement.

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Company Name: 
Verra Mobility Corp
Stock buyback: 
VRRM buyback
Sector: 
Application Software
Number of ETFs Holding VRRM: 
30
Total Market Value Held by ETFs: 
$275.15M
Total Market Capitalization: 
$2.31B
% of Market Cap. Held by ETFs: 
11.94%
 

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Strong Buy (3.50 out of 4)
42nd percentile
(ranked lower than approx. 58% of all stocks covered)

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