IDEAYA shares are trading lower after the company announced it intends to offer and sell up to $125 million of shares of its common stock.
Portfolio Pulse from Benzinga Newsdesk
IDEAYA Biosciences intends to offer and sell up to $125 million of shares of its common stock, which has led to a decrease in its share price.
October 25, 2023 | 12:42 pm
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IDEAYA Biosciences' announcement of its intention to sell up to $125 million of its common stock has led to a decrease in its share price.
The announcement of a new stock offering often leads to a decrease in the share price as it dilutes the value of existing shares. In this case, IDEAYA Biosciences' announcement of its intention to sell up to $125 million of its common stock has led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100