Travere Therapeutics Announces Proposed Public Offering of Common Stock
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Travere Therapeutics announced a proposed public offering of its common stock, with an option for underwriters to purchase an additional 15%. The offering's completion and terms are uncertain.
November 07, 2024 | 9:15 pm
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Travere Therapeutics plans a public offering of its common stock, potentially increasing the number of shares available in the market. This could lead to a short-term decrease in stock price due to dilution concerns.
The announcement of a public offering typically leads to concerns about stock dilution, which can pressure the stock price downward in the short term. The additional 15% option for underwriters further increases potential dilution.
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