GE HealthCare Technologies (GEHC) shares slumped over 3% Wednesday after the medical technology provider said it was expanding its previously announced 澳洲幸运5官方开奖结果体彩网:secondary stock sale.

The company said it would now be offering 14 million shares of its 澳洲幸运5官方开奖结果体彩网:common stock, up from 13 million. It noted that the shares will be sold by GE (GE), which retained a 19.9% stake in the firm after it spun off the unit in January 2023.

GE HealthCare said that it won't be selling any common stock, and won’t receive any money from the sale. 

The company said Morgan Stanley was the sole 澳洲幸运5官方开奖结果体彩网:book-running manager of the offering, which is ▨expected to close Friday.

Despite Wednesday’s decline of 3.6% to ꦕ$88.48, shares of GE HealthCare Technologies are up more than 14% over the last year.