Red Violet launches underwritten public stock offering
What's the deal? Red VioletDealroom has a profile for this one. Try Dealroom → has launched an underwritten public offering of common stock, with all shares being sold by the company.
The details. Underwriters received a 30-day option to purchase up to an additional 15% of the shares offered.
What's the money for? Red Violet said proceeds will support working capital, general corporate purposes and potential strategic acquisitions. Its shares fell 8.5% in post-market trading following the announcement.
Read more: Seeking Alpha
Image credit: Ken Lund
