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Today's news about Pagaya Technologies $PGY

Pagaya Technologies Ltd makes strong jump in share price

Shares of Israeli fintech company Pagaya Technologies Ltd surged nearly 130% Wednesday to close at $6.20. The stock jumped when it was announced that the company had filed a prospectus to sell its shares. This raised expectations of a possible takeover, which drove the stock price higher.

According to the prospectus, Pagaya could offer up to 673 million, or over 50%, of its shares for sale. Viola Ventures and Aflac are major shareholders in the company.

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Source: https://bit.ly/3zlpLTi