** Shares of aerospace parts supplier Loar Holdings LOAR.N edge up 0.6% to $83.90 premarket after secondary offering priced
** White Plains, New York-based firm late Weds announced 9 mln shares offloaded by certain stockholders at $83.41 for total deal size of ~$750.7 mln
** LOAR shares on Weds fell 10.5% to close at $83.41 after co launched the offering
** Hedge fund Abrams Capital Management, a 40% holder, Blackstone BX.N and GPV Loar, which is managed by board director Paul Levy, comprise the bulk of the selling
** Post offering, they still collectively own ~55.5% stake in co, per the SEC prospectus filing
** Loar has ~93.6 mln shares outstanding for $7.8 bln market cap
** Jefferies and Morgan Stanley acting as jt lead bookrunners for offering
** Through Weds close, LOAR shares up ~13 YTD. Stock hit record intraday high of $99.67 on Mon
** Loar went public in Apr 2024 IPO priced at $28
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.commailto:lance.tupper@tr.com 1-646-279-6380))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。