Aurora shares are trading lower after the company announced pricing of a $220 million upsized public offering of Class A common stock.
Portfolio Pulse from Benzinga Newsdesk
Aurora announced the pricing of a $220 million upsized public offering of Class A common stock, leading to a decrease in its share price.
July 19, 2023 | 1:53 pm
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Aurora's stock price is trading lower after the company announced a $220 million upsized public offering of Class A common stock.
The announcement of an upsized public offering often leads to a decrease in the company's stock price as it dilutes the value of existing shares. This is the case for Aurora, as the news of their $220 million public offering has led to a decrease in their share price.
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