Reported Earlier, Vera Therapeutics Prices $300M Public Offering Of 7,142,858 Class A Common Shares At $42/Share
Portfolio Pulse from Benzinga Newsdesk
Vera Therapeutics has announced a $300 million public offering, pricing 7,142,858 Class A common shares at $42 per share.
October 30, 2024 | 8:03 am
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Vera Therapeutics has priced its public offering of 7,142,858 Class A common shares at $42 per share, raising $300 million.
The public offering increases the number of shares available, which can dilute existing shareholders' value. This often leads to a short-term decrease in stock price as the market adjusts to the increased supply of shares.
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