Revance Announces Proposed Public Offering Of $100M Common Stock
Portfolio Pulse from Benzinga Newsdesk
Revance Therapeutics, Inc. has announced a proposed public offering of $100 million in common stock. This move is aimed at raising capital, potentially for further research, development, or expansion of its operations.
March 04, 2024 | 11:38 am
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Revance Therapeutics, Inc. is planning to raise $100 million through a public offering of its common stock. This could impact its financial flexibility and potentially dilute current shareholders' equity.
Public offerings often lead to short-term negative price movements due to the dilution of existing shares. Investors may react negatively to the news of Revance's proposed offering, fearing dilution of their holdings and potential overvaluation of the stock.
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