Aura Biosciences Announces Proposed Public Offering Of Common Stock; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Aura Biosciences, a clinical-stage biotechnology company, has announced the launch of an underwritten public offering of its common stock. The size or amount of the offering has not been disclosed. The offering is subject to market conditions and there is no assurance as to whether or when it may be completed. Leerink Partners, TD Cowen, and Evercore ISI are acting as joint bookrunning managers for the offering, with JMP Securities as the lead manager.
November 06, 2023 | 10:43 pm
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NEUTRAL IMPACT
Aura Biosciences is launching a public offering of its common stock. The size and terms of the offering are yet to be disclosed, and its completion is subject to market conditions.
The announcement of a public offering can have a mixed impact on a company's stock. On one hand, it can lead to dilution of shares, which can negatively impact the stock price. On the other hand, it can also be seen as a sign of growth, which can positively impact the stock price. The actual impact will depend on the market's perception of the offering and the terms once they are disclosed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100