Hagerty Falls 8.5% After 9 Million-Share Secondary Offering
Hagerty Holding plans an underwritten secondary offering of 9 million shares. Hagerty shares fell 8.5% to $15.50 in after-hours trading Tuesday.
By Elias SchisgallShares of Hagerty slid after the company said Hagerty Holding plans to offer 9 million shares in an underwritten secondary public offering.The stock dropped 8.5%, to $15.50, in after-hours trading Tuesday. It ended the day down 1.6%, but had gained 26% this year through the close…