{"id":166991,"date":"2022-11-17T15:38:21","date_gmt":"2022-11-17T15:38:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=166991"},"modified":"2022-11-17T15:38:21","modified_gmt":"2022-11-17T15:38:21","slug":"ormat-technologies-drops-8-after-pricing-public-offering","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/ormat-technologies-drops-8-after-pricing-public-offering\/","title":{"rendered":"Ormat Technologies Drops 8% After Pricing Public Offering"},"content":{"rendered":"
Shares of geothermal company Ormat Technologies, Inc. (ORA) are falling more than 8% Thursday morning at $91.75.<\/p>\n
Wednesday, the company priced its upsized secondary public offering of 3.75 million shares at $90.00 per share.<\/p>\n
The shares are offered by ORIX Corporation, and Ormat will not receive any proceeds from the sale.<\/p>\n
The offering is expected to close on November 21.<\/p>\n
ORA has traded in the range of $60.32-$101.81 in the last 1 year. <\/p>\n