Insmed Announces Pricing Of $650M Public Offering Of 12,621,359 Shares At $51.50/Share
Portfolio Pulse from Benzinga Newsdesk
Insmed Incorporated has announced the pricing of its public offering of 12,621,359 shares at $51.50 per share.
May 30, 2024 | 12:06 pm
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Insmed Incorporated has announced the pricing of its public offering of 12,621,359 shares at $51.50 per share. This could lead to short-term downward pressure on the stock price due to dilution concerns.
The announcement of a public offering typically leads to concerns about dilution among existing shareholders, which can result in short-term downward pressure on the stock price.
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