HilleVax Prices $100M Public Offering Of 8M Common Shares At $12.50/Share
Portfolio Pulse from Benzinga Newsdesk
HilleVax has priced its public offering of 8 million common shares at $12.50 per share, aiming to raise $100 million.
September 20, 2023 | 6:13 am
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HilleVax's public offering of 8 million shares at $12.50 each could dilute existing shareholders' equity, potentially impacting the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can put downward pressure on the stock price. However, the funds raised can be used for growth and expansion, which could have a positive impact in the long term.
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