Relay Therapeutics shares are trading lower after the company priced its $200 million offering.
Portfolio Pulse from Benzinga Newsdesk
Relay Therapeutics shares are experiencing a decline following the pricing of its $200 million offering.
September 11, 2024 | 11:37 am
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Relay Therapeutics shares are trading lower due to the pricing of a $200 million offering, which may dilute existing shares and impact investor sentiment.
The pricing of a $200 million offering by Relay Therapeutics suggests potential dilution of existing shares, which often leads to a decrease in share price as the market adjusts to the increased supply of shares. This is a common reaction in the market when companies announce large offerings.
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