Reported Earlier, Structure Therapeutics Prices Upsized $476M Public Offering 9,066,972 American Depositary Shares At $52.50/ADS
Portfolio Pulse from Benzinga Newsdesk
Structure Therapeutics Inc. (NASDAQ:GPCR) has announced the pricing of its upsized public offering of 9,066,972 American Depositary Shares (ADSs) at $52.50 per ADS, expected to raise approximately $476 million in gross proceeds.
June 06, 2024 | 6:20 am
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Structure Therapeutics Inc. has priced its upsized public offering of 9,066,972 ADSs at $52.50 per ADS, with expected gross proceeds of $476 million. This move is likely to impact the stock price in the short term due to the dilution effect and the influx of capital.
The announcement of a public offering typically leads to a short-term decrease in stock price due to the dilution of existing shares. However, the influx of $476 million in capital could be beneficial for the company's long-term growth and development.
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