Priority Technology slides on pricing secondary offering

Priority Technology Holdings

16/01/2025 13:47

**  Shares of payments solutions firm 
  
    ** Alpharetta, Georgia-based co late Weds  ~9.1 mln shares
sold by certain holders at $7.75, a 3.8% discount to last sale
  
    **  PRTH shares on Weds slid nearly 16% to close at $8.06,
lowest since Nov 22, after co  ~9.2 mln share offering
  
    ** Private equity firms Ares Management  ARES.N  and Stone
Point Capital among selling holders, per the SEC 
  
    ** PRTH has ~77.1 mln shares outstanding for ~$622 mln
market cap, and ~14 mln shares of public float, per LSEG
  
    ** KBW and 
    
      
    
  
    
      
    
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))