Aurora Announces Proposed Public Offering Of $350M Shares Of Its Class A Common Stock; Cancels Business Review Conference Call Due To Commencement
Portfolio Pulse from Benzinga Newsdesk
Aurora Innovation, Inc. (NASDAQ:AUR) has announced a proposed public offering of $350 million in Class A common stock. The company has also canceled its business review conference call due to the commencement of this offering.
July 31, 2024 | 9:01 pm
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Aurora Innovation, Inc. has announced a proposed public offering of $350 million in Class A common stock. The offering is subject to market conditions and includes a 30-day option for underwriters to purchase an additional 15% of shares. The company has also canceled its business review conference call due to the commencement of this offering.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The cancellation of the business review conference call may also add to investor uncertainty.
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