New York-listed Safe is selling 5 million units of commonstock at $7.43 per share, it announced in an exchange filing.
The price represents a discount of around 10% to the $8.15 apieceshareholders could get at the opening bell.
Shares quickly lost 10% of their value to trade below theprice of the offering at $7.30 at the time of writing.
The dip comes as no surprise as shares had fallen in after hours trading following news of the offering yesterday.
