This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Morgan Stanley is the underwriter and has been granted an overallotment option of up to 975,000 additional shares.
Generac’s shares closed at $35.64 last night, so today’s price represents a discount of 1.9%.
CCMP is Generac’s largest shareholder and will hold about 11.7% of the company’s stock after the offering is completed. CCMP plans to continue reducing its ownership stake in Generac with additional stock sales in the future.
Shares of Generac traded down about 2.4% in the first few minutes of trading this morning, at $34.77 in a 52-week range of $18.35 to $41.48.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.