Reported Earlier, Absci Prices Public Offering Of 16.7M Common Shares At $4.50/Share
Portfolio Pulse from Benzinga Newsdesk
Absci Corporation has announced the pricing of its public offering of 16.7 million common shares at $4.50 per share.
February 28, 2024 | 7:38 am
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Absci Corporation has priced its public offering of 16.7 million common shares at $4.50 each.
Public offerings often lead to a dilution of existing shares, which can result in a short-term decrease in stock price. Given the size of the offering and the set price, it's likely that Absci's stock might face downward pressure in the short term.
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