Immatics shares are trading lower after the company announced a $150 million proposed public offering of its ordinary shares.
Portfolio Pulse from Benzinga Newsdesk
Immatics shares declined following the announcement of a $150 million proposed public offering of its ordinary shares.
October 10, 2024 | 11:56 am
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Immatics announced a $150 million proposed public offering, leading to a decline in its share price. This move may dilute existing shares, causing short-term pressure on the stock.
The announcement of a public offering typically leads to a decrease in share price due to potential dilution of existing shares. Investors may react negatively in the short term as the market adjusts to the increased supply of shares.
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