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WPP Subsidiary Sells 5.8 Million Shares IT Company Globant (ALLISS)

21st Jun 2018 15:05

LONDON (Alliance News) - WPP PLC said Thursday it will offer 5.8 million common shares of Globant at a price of USD52.0 per common share.

WPP's subsidiary WPP Luxembourg Gamma Three Sarl are selling the shares and they have granted the underwriters an option to purchase 872,289 common shares at the offering price.

Shares in the communications company were trading down 1.4% Thursday afternoon at 1,206.00 pence each.

Goldman Sachs & Co LLC and JP Morgan are acting as joint bookrunners for the offering.


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WPP
FTSE 100 Latest
Value8,809.74
Change53.53