Annexon shares are trading lower after the company announced the pricing of a $125 milion underwritten public offering of 13,001,120 shares at $6.25 per share.
Portfolio Pulse from Benzinga Newsdesk
Annexon shares are trading lower following the announcement of a $125 million underwritten public offering of 13,001,120 shares at $6.25 per share.
June 06, 2024 | 2:47 pm
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Annexon shares are trading lower after the company announced a $125 million underwritten public offering of 13,001,120 shares at $6.25 per share.
The announcement of a public offering typically leads to a decrease in share price due to dilution concerns. The offering price of $6.25 per share is likely perceived as lower than the market value, contributing to the negative sentiment.
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