RTTNews | Jul 9, 2021 09:51AM EDT

09:51 Friday, July 9, 2021 (RTTNews.com) - Shares of specialty memory solutions provider SMART Global Holdings, Inc. (SGH) are down more than 6% Friday morning.

Thursday, the company announced proposed public offering of 3 million ordinary shares of the company by certain selling shareholders affiliated with Silver Lake.

The company will not receive any proceeds from the offering.

SGH, currently at $49.74, has traded in the range of $23.54- $58.39 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3208113/smart-global-holdings-drops-6-after-share-offering-by-selling-shareholders.aspx)

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