Reported Earlier, Insmed To Raise $500M Through Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Insmed Inc. announced plans to raise $500 million through a public offering of common stock.
May 29, 2024 | 7:06 am
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Insmed Inc. is raising $500 million through a public offering of common stock, which could lead to short-term stock price volatility.
The announcement of a public offering typically leads to a dilution of existing shares, which can result in a short-term decrease in stock price. Investors may react negatively to the increased supply of shares.
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