FTAI Aviation Shares Decline Following Announcement of Secondary Stock Offering
Shares of FTAI Aviation experienced a notable drop of over 5% during a recent trading session. The decline was directly linked to the company's announcement of a secondary public offering. An existing shareholder, Fortress Investment Group, is set to sell 8 million ordinary shares to the public. FTAI Aviation itself is not selling any shares in this offering and will not receive any of the proceeds. The transaction is being managed by Morgan Stanley as the sole underwriter.
Official Source: https://finance.yahoo.com/news/why-ftai-aviation-ftai-shares-201247157.html
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