Biohaven Prices $225M Public Offering Of 10,227,273 Common Shares At $22/Share
Portfolio Pulse from Benzinga Newsdesk
Biohaven has priced a public offering of 10,227,273 common shares at $22 per share, raising $225 million in capital.
October 03, 2023 | 6:45 am
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Biohaven's public offering of over 10 million shares at $22 per share could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Biohaven's public offering increases the number of shares in circulation, which can dilute the value of existing shares. This often leads to a short-term decrease in stock price as the market adjusts to the increased supply of shares. However, the raised capital could be used for beneficial company growth in the long term.
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