Revance Therapeutics shares are trading lower after the company announced a proposed public offering of $100 million of its common stock.
Portfolio Pulse from Benzinga Newsdesk
Revance Therapeutics announced a proposed public offering of $100 million of its common stock, leading to a decrease in its share price.
March 04, 2024 | 2:15 pm
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Revance Therapeutics' share price is trading lower following the announcement of a $100 million public offering of its common stock.
Public offerings often lead to a decrease in share price due to the dilution of existing shares. Given the significant amount of $100 million, this offering is likely to have a notable impact on Revance Therapeutics' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100