Xencor Announces Proposed Public Offering of Common Stock; Size Not Given
Portfolio Pulse from Benzinga Newsdesk
Xencor has announced a proposed public offering of its common stock, though the size of the offering has not been disclosed. This move could impact the company's stock price and investor sentiment.
September 10, 2024 | 8:01 pm
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Xencor has announced a proposed public offering of its common stock, but the size of the offering is not yet disclosed. This could lead to short-term volatility in the stock price as investors react to the news.
The announcement of a public offering typically leads to a decrease in stock price due to potential dilution of shares. The lack of details on the size of the offering adds uncertainty, which can contribute to short-term volatility as investors speculate on the impact.
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