Shares of Sovos Brands Inc. dropped 4.7% in premarket trading Tuesday, after the parent of Rao’s pasta and sauce and Noosa yogurt announced the pricing of...
Shares of Sovos Brands Inc. dropped 4.7% in premarket trading Tuesday, after the parent of Rao’s pasta and sauce and Noosa yogurt announced the pricing of its stock offering. The company said its secondary public offering of 10 million shares, announced late Monday, priced at $17.50 a share, which was a 6.1% discount to Monday’s closing price of $18.63. The company did not receive any proceeds from the offering, as all of the shares were offered by selling stockholders.
7% in premarket trading Tuesday, after the parent of Rao’s pasta and sauce and Noosa yogurt announced the pricing of its stock offering. The company said its secondary public offering of 10 million shares, announced late Monday, priced at $17.50 a share, which was a 6.1% discount to Monday’s closing price of $18.63. The company did not receive any proceeds from the offering, as all of the shares were offered by selling stockholders.
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