APi Group Launches Major Share Offering and Agreement

APi Group Corporation (APG) just unveiled an update.

APi Group Corporation successfully completed an underwritten public offering of 11 million shares at $37.50 each on April 19, 2024. The offering, managed by leading financial institutions including Citigroup, BofA Securities, and UBS, also provided an option for underwriters to purchase an additional 1.65 million shares. The company’s shares were offered via a shelf registration statement and accompanied by a final prospectus supplement. As part of the agreement, the company and key stakeholders agreed to a 60-day lock-up period, and the underwriters were indemnified against certain liabilities.

For an in-depth examination of APG stock, go to TipRanks’ Stock Analysis page.