Stock Alert: Thryv Holdings Trading 11% Higher
Shares of digital marketing solutions and cloud-based tools provider to the small-to-medium sized businesses (SMBs) Thryv Holdings, Inc. (THRY) are rising more than 11% Thursday morning.
Wednesday the company announced the pricing of its secondary public offering of 4,238,426 common shares by certain selling stockholders at $23.50 per share, a 4.1% discount to Thryv’s closing price of 24.51 on Wednesday.
The offering, that was up-sized from the previous 3.5 million shares, is expected to close on June 1.
Thryv will not receive any proceeds from the offering.
THRY, currently at $27.32, has traded in the range of $5.86- $33.40 in the last one year.
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