Relay Therapeutics Commences Public Offering Of $200M Of Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Relay Therapeutics has announced a public offering of $200 million in common stock, with an option for underwriters to purchase an additional 15%. All shares will be sold by the company.
September 09, 2024 | 8:35 pm
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Relay Therapeutics is conducting a $200M public offering of its common stock, potentially diluting existing shares. The offering includes an option for underwriters to purchase an additional 15%.
The public offering of $200M in common stock by Relay Therapeutics is likely to lead to short-term stock price pressure due to potential dilution. The additional 15% purchase option for underwriters could further increase the supply of shares, impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100