89bio, Inc. Announces Proposed Underwritten Public Offering of Common Stock and Pre-Funded Warrants
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89bio, Inc. has announced a proposed underwritten public offering of $100 million in common stock and pre-funded warrants, with an option for underwriters to purchase an additional $15 million. The offering is subject to market conditions.
November 12, 2024 | 9:15 pm
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89bio, Inc. is initiating a $100 million public offering of common stock and pre-funded warrants, potentially increasing to $115 million. This could lead to stock price volatility depending on market reception.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering's success and market conditions will influence the stock's movement.
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