Secondary Stock Offerings
By The Online Investor Staff, updated Thu., Apr. 25, 6:49 AM
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Slide #5. APi Group Corporation — Secondary Offering
Company:
APi Group Corporation (NYSE:APG)
Date announced:
4/16/2024
Shares Offered:
11,000,000
Date of Pricing:
4/17/2024
Price Per Share:
$37.50
Secondary Offering Details:
APi Group Corporation (NYSE:APG) ("APi" or the "Company") announced today that it has commenced an underwritten public offering of 11,000,000 shares of its common stock. In connection with the offering, APi intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by APi. -updated 4/17- APi Group Corporation (NYSE:APG) ("APi" or the "Company") announced the pricing of an underwritten public offering of 11,000,000 shares of common stock at a public offering price of $37.50 per share. The gross proceeds to APi from the offering are expected to be approximately $412,500,000 million before deducting underwriting discounts and commissions and offering expenses payable by APi. APi has granted to the underwriters a 30-day option to purchase an additional 1,650,000 shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by APi. The offering is expected to close on April 19, 2024, subject to customary closing conditions.
APi Group is a business services provider of safety and specialty services. Co.'s operating segments are: safety services, which provides safety services focusing on integrated occupancy systems including design, installation, inspection, monitoring, and service of these integrated systems; specialty services, which provides a variety of infrastructure services and industrial plant services, which include maintenance and repair of infrastructure such as underground electric, gas, water, sewer and telecommunications infrastructure; and industrial services, which provides a variety of services to the energy industry focused on transmission and distribution.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 59th percentile
(ranked higher than approx. 59% of all stocks covered)
Analysts' Target Price: APG Stock Forecast Based on Zacks ABR data; powered by Xignite |
