Ascendis Pharma Commences Public Offering Of $300M Of ADSs
Portfolio Pulse from Benzinga Newsdesk
Ascendis Pharma has announced a public offering of $300 million of American Depositary Shares (ADSs), with an option for underwriters to purchase an additional $45 million. This move is likely to impact the company's stock price in the short term.
September 18, 2024 | 8:05 pm
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Ascendis Pharma is conducting a public offering of $300 million in ADSs, with an option for underwriters to buy an additional $45 million. This could lead to short-term stock price fluctuations.
The public offering of $300 million in ADSs by Ascendis Pharma, with an additional $45 million option, suggests potential dilution of existing shares, which could lead to a short-term decrease in stock price. The offering is significant, and the market's reaction will likely focus on how the funds will be used and the impact on the company's financials.
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