Why Tellurian Inc. Stock Is Drifting Lower Today

newsfeedback@fool.com (Matthew DiLallo), The Motley Fool
Tue, 06/19/2018 - 8:08am

Shares of Tellurian Inc. (NASDAQ: TELL) were off by more than 10% by 10:30 a.m. EDT on Tuesday after the natural gas infrastructure company priced a public offering of new shares.Tellurian sold 12 million shares to the public for $118.8 million, or about $9.90 each. That's around a 10% discount to where shares closed yesterday, which is why the stock fell today.

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