Why Liquid Holdings (LIQD) Stock Is Plummeting Today - TheStreet

NEW YORK (TheStreet) -- Liquid Holdings (LIQD) was plummeting -43.9% to $1.29 Thursday after pricing a secondary offering of 32 million shares of common stock.

The company announced it will price the 32 million share public offer at $1.25 a share. Liquid granted the underwriters of the offering a 30-day option to buy an additional 4.8 million shares of common stock to cover over-allotments.

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LIQD data by YCharts

"Liquid Holdings Group, LLC, develops and provides software technology that seamlessly integrates trading, real-time risk management, accounting, reporting and administration tools in a single platform for the financial services community. The Company's customers include small to mid-sized hedge fund managers, asset managers, wealth management offices, family offices and financial institutions. The Company offers a single trade, order and position management solution for multiple asset classes, such as equities, options, futures, fixed income securities and foreign exchange markets (FX). The Company's customers can aggregate positions, exposures and risk metrics across all of their portfolios and asset classes on a single screen in real time. With its platform there is no need to purchase or integrate several external programs to consolidate risk management, accounting and reporting functions across asset classes."

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