Arcutis Announces $100M Proposed Public Offering
Portfolio Pulse from Benzinga Newsdesk
Arcutis Biotherapeutics, Inc. has announced a proposed public offering of $100 million. The company plans to use the net proceeds from the offering for general corporate purposes.
October 19, 2023 | 8:10 pm
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Arcutis Biotherapeutics, Inc. (ARQT) has announced a proposed public offering of $100 million. This could dilute existing shares, potentially leading to a short-term decrease in stock price.
Public offerings often lead to dilution of existing shares, which can result in a decrease in stock price. However, the funds raised can be used for growth and expansion, which could have positive long-term effects.
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