- On September 8, Internet company Sea Ltd (NYSE:SE) proposed to sell $2.5 billion notes. The underwriters have a 30-day option to purchase additional notes up to $375 million.
- Sea also offered to sell 11 million ADS, representing one share. The shares were worth $3.86 billion based on the September 7 closing price of $351.02.
- The underwriters have a 30-day option to purchase up to 1.65 million additional ADSs.
- The offering proceeds will serve business expansion and other general corporate purposes.
- Sea held $1.3 billion in convertible notes as of June 30.
- Price Action: SE shares traded lower by 5.80% at $323.86 on the last check Thursday.
Analyzing BioVie’s Short Interest
BioVie's (NASDAQ:BIVI) short percent of float has risen 27.02% since its last report. The company recently reported that it has 612 thousand shares sold short, which is 6.77% of all regular shares that are available for trading.
