Ultragenyx shares are trading lower after the company announced a proposed public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Ultragenyx Pharmaceutical Inc. has announced a proposed public offering of common stock, causing its shares to trade lower.
October 18, 2023 | 12:42 pm
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Ultragenyx's announcement of a proposed public offering of common stock has led to a decrease in its share price.
Public offerings often lead to a decrease in share price due to dilution of shares. As Ultragenyx has announced a proposed public offering, it is expected that its share price will decrease in the short term.
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