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Avaya plans public offering of RingCentral shares

Nov. 13, 2019 11:14 AM ETBy: Brandy Betz, SA News Editor1 Comment
  • After the bell yesterday, RingCentral (RNG -2.7%) announced it issued 2,170,785 shares of common stock to Avaya (AVYA +0.4%) as part of the previously announced strategic partnership.
  • Avaya announced its planned underwritten public offering of 1.75M RingCentral shares. RNG won't receive any proceeds from the sale.

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