Aura Biosciences shares are trading lower after the company announced pricing of its public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Aura Biosciences has announced the pricing of its public offering of common stock, leading to a decrease in its share price.

November 07, 2023 | 5:23 pm
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Aura Biosciences' stock price is trading lower after the company announced the pricing of its public offering of common stock.
The announcement of the pricing of a public offering often leads to a decrease in the company's stock price. This is because it usually implies an increase in the number of shares available in the market, which can dilute the value of existing shares. In this case, Aura Biosciences' stock price has decreased following the announcement.
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