Intapp slides on proposed stock offering

Intapp

17/05/2023 18:24

** Shares of cloud-based IT service provider Intapp Inc
 INTA.O  drop 11.3% to $39.09
    ** Co intends to offer and sell 2 mln shares of its common
stock in a public offering
    ** Certain selling stockholders also intend to offer 4.3 mln
shares of common stock in offering
    ** Currently, INTA has 65.40 mln shares outstanding -
Refinitiv 
    ** Shares up ~56% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))