[Spoon]

Originally Posted by AME_VIP

After market close, Bank of Nova Scotia announced it will issue 30 million shares at $50.25 a share (3.1% discount). What will happen to the share price? Will shares be diluted and cause the share price to drop?

Bank of Nova Scotia could raise $1.65B with share offering | FP Street | News | Financial Post

Most of the time, the market price usually drops to the issue price (actually usually below). But looking at the current market, the likelihood doesn't seem all that high. Hopefully I'm right though, I requested a few hundred shares when the offer was still open on Wednesday.