20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Dutch Bros Inc (NYSE:BROS) has priced its underwritten offering of 11.5 million shares at a price to the public of $26.00 per share.
The offer price represents a 7% discount to the company’s closing price on Sept. 6, 2023.
The gross proceeds from this offering are expected to be approximately $300 million, before deducting underwriting discounts and commissions and other offering expenses payable by the company.
The offering is expected to close on or about Sept. 12, 2023, subject to the satisfaction of customary closing conditions.
Dutch Bros has also granted the underwriters a 30-day option to purchase up to an additional 1.7 million shares.
BofA Securities, J.P. Morgan and Jefferies are acting as lead book-running managers for this offering.
Dutch Bros is a high-growth operator and franchisor of drive-thru shops that focus on serving handcrafted beverages.
Also Read: Dutch Bros Shares Cool Off After Hours On Stock Offering
Price Action: BROS shares closed lower by 4.63% at $26.78 on Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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