Immatics Plans $150M Public Offering Of Its Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Immatics is planning a $150 million public offering of its ordinary shares, which could impact its stock price and investor sentiment.
October 10, 2024 | 11:31 am
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Immatics is conducting a $150 million public offering of its ordinary shares, which may lead to stock price fluctuations due to changes in supply and investor sentiment.
The announcement of a public offering typically increases the supply of shares, which can lead to a decrease in stock price if demand does not match the increased supply. Investors may also react to the dilution of existing shares.
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