Scholar Rock Commences Public Offering For $75M Of Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Scholar Rock has begun a public offering for $75M of its common stock. The company is also planning to give underwriters a 30-day option to buy additional shares equal to 15% of the securities offered in the public offering.
October 11, 2023 | 9:10 pm
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Scholar Rock's public offering could lead to a short-term increase in stock liquidity, but may also dilute existing shareholders' equity.
Public offerings increase the number of shares available in the market, which can improve liquidity. However, they also dilute the value of existing shares, which can lead to a decrease in the stock price. The impact on Scholar Rock's stock price will depend on the market's perception of the offering's value.
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