Boeing's equity offering is forecasted to increase index shares, dilute strategic holding hence generate over $5bn demand, across US & Global indices including S&P500 by the end of October 2024.
What is covered in the Full Insight:
Introduction to Boeing's Equity Offering
Details of the Common Stock and Depositary Shares
Implications on Free Float and Shareholding Structure
Potential Index Implications and Timing
Conclusion and Market Outlook
Boomeranged on Wed, 30 Oct 2024 13:06
Global purple announced the increase in shares at the close of 29 October with a trade date at the close of 31 October where demand of ~$1.6bn and ~1.1 ADV is expected from US & Global purple alone. Announcement/implementation dates for the rest of the indices are not publicly announced but are estimated to be similar.