Cerevel Therapeutics Prices $450M Public Offering Of 19,728,189 Common Shares At $22.81/Share
Portfolio Pulse from Benzinga Newsdesk
Cerevel Therapeutics has priced its public offering of 19,728,189 common shares at $22.81 per share, raising $450 million.
October 12, 2023 | 7:10 am
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Cerevel Therapeutics' public offering could dilute existing shareholders' equity, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock's price in the short term. However, the raised capital could be used for growth initiatives, potentially benefiting the company in the long term.
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