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IDACORP, Inc. Announces Public Offering of $450 Million of Shares of Common Stock

1. IDACORP announces a $450 million public offering of common shares. 2. Shares will be borrowed for the offering from third parties and sold.

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FAQ

Why Bearish?

Public offerings can dilute existing shares, often leading to falling prices. Historical cases show similar offerings resulted in share price declines, as seen with other utility companies.

How important is it?

This offering could affect IDA's stock due to potential dilution, influencing investor sentiment and market dynamics.

Why Short Term?

The immediate impact from a share offering typically reflects in the short term. Market reactions are often swift to new equity dilution news.

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BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) announced today that it has commenced an underwritten public offering of $450 million of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward sellers, Morgan Stanley, J.P. Morgan, and Wells Fargo Securities (or their respective affiliates), from third parties and sold to the underwriters in the offering in connection with the forward sale agreements described below. In conjunctio.

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