Applied Optoelectronics Plans $600 Million Stock Sale
Applied Optoelectronics slides 12% on a $600 million stock offering. Here is why dilution fears are weighing on AAOI shares.
Applied Optoelectronics is selling new shares to raise money, which makes each existing share worth a smaller piece of the company. When companies do this, people worry about whether the money will be used wisely, so the stock price dropped.
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