KnowBe4 (KNBE) Skyrockets By 31% For Today. Time To Invest?

Yesterday the stock price was closed at $20.61 as the same as a week ago. Today, the stock of KnowBe4, Inc. (KNBE) abruptly skyrocketed by a profit of 31%. At the moment, the worth is open at $25.45. The overall market capitalization of the company is 4 billion dollars.

KnowBe4, Inc. today announced the price of its previously announced public offering underwriting 10,430,910 ordinary shares of class A certain selling shareholders at a price to the public of $ 20.75 per share. KnowBe4 will not receive any income from the sale of shares of selling shareholders.

The size of the offering has been increased compared with the previously announced volume of offering 8,719,740 shares, besides selling shares granted the underwriters a 30-day option to purchase additional 1,564,636 ordinary shares of class A. It is expected that the placement will be closed on August 16, 2021, subject to customary closing conditions.

Jack Dawkins

Finance and Tech Contributor