BUZZ-Live entertainment firm Venu tumbles on stock offering launch
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Venu Holding's shares fell 16.2% to $7.20 after announcing a $75 million stock offering to fund development projects, including an indoor music hall and restaurant in Colorado. The company has approximately 42.8 million shares outstanding and a market cap of nearly $370 million. Shares were down 3.3% at $8.59 on Tuesday, reflecting a ~13% decline over the past year. Venu went public in November 2024 with a $12 million IPO priced at $10.
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