September 13, 2021 9:14 AM 28 seconds read

Api Group Stock Slips On $400M Equity Offering

by Akanksha Bakshi Benzinga Editor
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  • APi Group Corp APG commenced an underwritten public offering of $400 million of shares of its common stock. 
  • APi Group intends to use the net proceeds from the offering for general corporate purposes, including future acquisitions and other business opportunities, capital expenditures, and working capital.
  • APi Group plans to grant the underwriters a 30-day option to purchase additional shares.
  • Price Action: APG shares are trading lower by 4.20% at $21.00 during the premarket session on Monday.
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APGAPi Group Corp
$32.17-0.53%

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