Vera Therapeutics Plans To Commence Public Offering To Issue And Sell $300M Of Shares Of Its Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Vera Therapeutics is planning a public offering to issue and sell $300 million of its Class A common stock, with an option for underwriters to purchase an additional 15% of shares.
October 28, 2024 | 9:39 pm
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Vera Therapeutics is initiating a public offering to raise $300 million by issuing Class A common stock, potentially diluting existing shares.
The public offering of $300 million in Class A common stock by Vera Therapeutics is likely to lead to short-term downward pressure on the stock price due to potential dilution of existing shares. The option for underwriters to purchase an additional 15% of shares further increases the potential for dilution.
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