Overstock Cancels Secondary Stock Offering after Share Price Plummets


E-commerce retailer and blockchain investment firm Overstock has shelved plans to hold a secondary stock offering after the company’s share price plunged in response to the announcement. The Wall Street Journal reports that although Overstock was “pleased” with the interest in the offering, market conditions forced the company to terminate the sale. “Given the market

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Posted by Josiah Wilmoth on April 3, 2018 @ https://www.ccn.com/overstock-cancels-secondary-stock-offering-after-share-price-plummets/

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