Monotype Imaging Holdings falls on stock offering
Shares of Monotype Imaging Holdings Inc. (Nasdaq:TYPE) are falling on news after the close on Tuesday that the provider of text imaging solutions will offer 6 million shares of its common stock. The Woburn, Mass.-based company will not receive proceeds from the offering.
At 12:16 p.m. ET, the stock had declined $1.01, or 7%, to $14.41. For detailed price information and recent news stories about Monotype Imaging Holdings, click TYPE.
