Bicycle Therapeutics Announces Proposed $200M Public Offering Of American Depositary Shares And Non-Voting Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Bicycle Therapeutics has announced a proposed $200M public offering of American Depositary Shares and non-voting ordinary shares.
July 12, 2023 | 8:01 pm
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Bicycle Therapeutics' proposed $200M public offering could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in stock price. Given the size of the offering ($200M), this could have a significant impact on BCYC's stock price in the short term.
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