Ultragenyx Pharmaceutical Commences $350M Public Offering Of Common Stock And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Ultragenyx Pharmaceutical has announced a $350 million public offering of common stock and pre-funded warrants.
June 12, 2024 | 8:07 pm
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Ultragenyx Pharmaceutical has announced a $350 million public offering of common stock and pre-funded warrants. This move is likely to dilute existing shares, potentially leading to a short-term decrease in stock price.
Public offerings typically result in share dilution, which can lead to a decrease in stock price as the value of existing shares is diluted. The $350 million offering is significant and likely to impact the stock price negatively in the short term.
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