Overstock.com updates on public offering cancellation

|About: Overstock.com, Inc. (OSTK)|By:, SA News Editor

Overstock.com (OSTK -9%) issues a statement on the termination of its public offering of shares.

“While we were pleased with the high level of interest shown in our offering, it was intended to be an opportunistic financing,” notes Overstock President Saum Noursalehi. “Given the market volatility and price we are terminating the offering. We continue to pursue other strategic options," he adds.

Subscribe for full text news in your inbox