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GDYN - Grid Dynamics stock drops on pricing of share offering at $17.50/share
Grid Dynamics Holdings Inc.
Grid Dynamics Holdings ( NASDAQ: GDYN ) shares fell ~10% after-hours on Wednesday after the firm has priced an underwritten public offering of 5,714,286 shares of its common stock at a price to the public of $17.50/share.
Closing of the offering is expected to occur on September 12, 2022.
Underwriters are granted a 30-day option to purchase up to 857,142 additional shares of its common stock.