BUZZ-Data center firm TSS slides after launching stock offering** Data center services firm TSS' TSSI.O shares slide 9.1% to $16.91 premarket
** TSSI late Tuesday commenced public offering of shares; size not disclosed
** Lucid Capital Markets is the sole bookrunning manager for the offering
** Stock closed down 1.2% at $18.60 on Tuesday
** Proceeds will be used for general purposes, including repaying debt and capital expenditures
** TSSI has 23.7 million outstanding shares as of June 30, according to offering prospectus
** As of last close, TSSI shares up 56.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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