APi Group Corporation (APG) just unveiled an update.
APi Group Corporation successfully closed an underwritten secondary public offering on March 5, 2024, selling over 12 million shares at $34.25 each. This major financial move, executed in partnership with top financial institutions like UBS and Citigroup, involved prominent stakeholders, including Blackstone and Viking selling stockholders. The company also implemented a 90-day lock-up period on certain stock transactions post-offering. Importantly, the company received no proceeds from this sale, which was part of a strategic reorganization that included the elimination of its Series B Preferred Stock.
See more data about APG stock on TipRanks’ Stock Analysis page.
