Joby Aviation Launches Public Offering Of Common Stock Of Up To $200M
Portfolio Pulse from Benzinga Newsdesk
Joby Aviation has announced a public offering of common stock, aiming to raise up to $200 million. This move is likely to impact the company's stock price in the short term.
October 24, 2024 | 8:24 pm
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Joby Aviation is launching a public offering of common stock to raise up to $200 million. This could lead to short-term stock price fluctuations as the market reacts to the increased supply of shares.
The public offering will increase the supply of Joby Aviation's shares, which could lead to a decrease in stock price due to dilution. However, the raised capital might be used for growth, potentially offsetting the negative impact.
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