Reported Earlier, Merus Prices Upsized Public Offering Of 7.55M Common Shares At $53/Share
Portfolio Pulse from Benzinga Newsdesk
Merus has priced an upsized public offering of 7.55 million common shares at $53 per share, expecting to raise approximately $400.2 million in gross proceeds.
May 30, 2024 | 6:15 am
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Merus has announced an upsized public offering of 7.55 million common shares at $53 per share, with expected gross proceeds of approximately $400.2 million.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering is expected to raise significant capital, which could be positive in the long term but may pressure the stock price in the short term.
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