Akero Therapeutics Begins Public Offering Of $300M Of Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Akero Therapeutics has announced a public offering of $300 million of its common stock, with an option for underwriters to purchase an additional $45 million worth of shares within 30 days.
March 04, 2024 | 9:23 pm
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Akero Therapeutics is raising funds through a public offering of $300 million in common stock, with a possible additional $45 million through underwriter options.
Public offerings often lead to a short-term decrease in stock price due to the dilution of existing shares. The significant amount being offered by Akero Therapeutics could lead to concerns about dilution among investors, potentially causing a short-term negative impact on the stock price.
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