Orsted’s $9bn share sale is an ‘invitation to short,’ says hedge fund CEO
Summary by Hedgeweek
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Orsted’s $9bn share sale is an ‘invitation to short,’ says hedge fund CEO
Denmark’s Orsted A/S faces mounting market pressure after announcing plans to raise more than $9bn via a rights offering – a move Clean Energy Transition CEO Per Lekander says is practically an open call to short the stock, according to a report by Bloomberg. The boss of the London-based hedge fund fund believes that that the lack of a set price for the offering, combined with the likelihood of a discount and broader operational concerns, create…
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