Reported Earlier, Vaxcyte Prices $1.3B Public Offering Of 10,194,175 Common Shares And Pre-Funded Warrants At $103/Share
Portfolio Pulse from Benzinga Newsdesk
Vaxcyte has announced a $1.3 billion public offering, selling over 10 million common shares and pre-funded warrants at $103 per share. The offering is expected to generate significant gross proceeds for the company.
September 05, 2024 | 6:30 am
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Vaxcyte's $1.3 billion public offering involves selling over 10 million shares and pre-funded warrants at $103 each. This capital raise is likely to impact Vaxcyte's stock price in the short term.
The public offering is a significant capital-raising event for Vaxcyte, which could lead to increased investor interest and potential stock price appreciation. The offering price of $103 per share sets a benchmark for the market, and the large volume of shares being sold could lead to increased liquidity and trading activity.
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