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Henry Khederian

Why Liberty Energy Shares Are Falling

Liberty Energy Liberty Energy Inc NYSE

Liberty Energy Inc (NYSE:LBRT) shares are trading lower by 7.45% at $16.33 after the company announced the pricing of a secondary offering of Class A common stock by selling stockholders.

Liberty Energy will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. Liberty Energy says BofA Securities and J.P. Morgan are acting as joint book-running managers for the offering.

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