Longboard Pharmaceuticals Prices Upsized $210M Public Offering Of 10M Common Shares At $21/Share
Portfolio Pulse from Benzinga Newsdesk
Longboard Pharmaceuticals has priced an upsized public offering of 10 million common shares at $21 per share, raising $210 million in capital. This move could indicate the company's need for capital to fund its operations or growth initiatives.

January 04, 2024 | 7:03 am
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NEUTRAL IMPACT
Longboard Pharmaceuticals' upsized public offering could dilute existing shares but also provides significant capital for the company's potential growth or operational needs.
The pricing of Longboard Pharmaceuticals' public offering is a common equity action that can have a neutral to slightly negative short-term impact on the stock price due to potential dilution of existing shares. However, the capital raised can be very beneficial for the company's future if used effectively for growth or operational improvements. The impact score is neutral because the negative effect of dilution may be offset by the positive use of the raised capital.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100