PROCEPT BioRobotics Announces Pricing Of ~$150M Upsized Public Offering Of 4,422,169 Shares Of Common Stock At $33.92/Share
Portfolio Pulse from Benzinga Newsdesk
PROCEPT BioRobotics has announced the pricing of its upsized public offering of approximately 4.4 million shares of common stock at $33.92 per share, raising around $150 million.
August 04, 2023 | 10:40 am
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PROCEPT BioRobotics' upsized public offering could lead to a short-term dilution of the stock, potentially impacting its price.
The upsized public offering means more shares of PRCT are being sold, which could lead to dilution of the stock. This could potentially lower the stock price in the short term as the market adjusts to the increased supply of shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100