Why Grid Dynamics Holdings Was Climbing Thursday
Digital and technical consulting company Grid Dynamics Holdings (NASDAQ: GDYN) stock was climbing on Thursday as the company announced the pricing of its upcoming common stock offering. Shares were up 16.4% as of 11 a.m. EDT and had been up as much as 17.9% on the news.
This morning, Grid Dynamics announced that it is pricing its common stock offering at $15.03 a share. The company will offer 10 million shares to the public, 4 million of which are going to be newly issued from Grid Dynamics and 6 million of which are coming from existing Grid Dynamics shareholders.
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Source Fool.com
