Reported Earlier, Nuvalent Prices $500M Upsized Public Offering Of 5M Common Share At $100/Share
Portfolio Pulse from Benzinga Newsdesk
Nuvalent has announced the pricing of its upsized public offering, raising $500 million by selling 5 million common shares at $100 each.
September 17, 2024 | 6:42 am
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Nuvalent has successfully priced its upsized public offering, raising $500 million by issuing 5 million shares at $100 each. This move could provide the company with significant capital for growth and development.
The successful pricing of the upsized public offering indicates strong investor demand and provides Nuvalent with substantial capital. This can be used for growth initiatives, potentially boosting the company's stock price in the short term.
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