- ZoomInfo Technologies Inc’s (NASDAQ:ZI) certain selling stockholders, including TA Associates, The Carlyle Group, and 22C Capital LLC and ZoomInfo’s co-founders, offered 27 million shares in an upsized secondary offering.
- The estimated gross proceeds are $1.5 billion based on ZoomInfo’s Aug. 2 closing price of $54.78. The selling stockholders will receive all of the proceeds from this offering.
- They previously proposed to offer 20 million shares.
- The stock has gained 17.2% year-to-date.
- Price action: ZI shares traded lower by 2.30% at $55.20 in the premarket session on the last check Wednesday.
RBC Capital Maintains Outperform on Boston Beer Co, Lowers Price Target to $625
RBC Capital analyst Nik Modi maintains Boston Beer Co (NYSE:SAM) with a Outperform and lowers the price target from $661 to $625.
