Reported Earlier, RxSight Prices Public Offering Of 1,785,714 Common Stock At $56/Share
Portfolio Pulse from Benzinga Newsdesk
RxSight is conducting a public offering of 1,785,714 shares at $56 per share, with an option for underwriters to purchase an additional 267,857 shares. All shares are sold by RxSight.
May 09, 2024 | 8:29 am
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RxSight is pricing its public offering of common stock at $56 per share, aiming to sell 1,785,714 shares with an underwriter option for an additional 267,857 shares.
Public offerings often lead to short-term price declines due to the dilution of existing shares. Given the size of the offering relative to the company's market cap, this could have a significant impact.
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