Joby launches $300M public offering ahead of 2025 commercial eVTOL release
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Joby Aviation has initiated a public offering to raise $300 million by selling shares of its common stock. This move is in preparation for the commercial release of its eVTOL vehicles in 2025.
December 10, 2024 | 10:00 pm
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Joby Aviation is raising $300 million through a public offering of common stock to support its eVTOL vehicle launch in 2025.
The public offering could lead to a short-term decrease in Joby's stock price due to dilution of existing shares. However, the funds are intended to support the company's strategic goal of launching eVTOL vehicles in 2025, which could be positive in the long term.
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IMPORTANCE 80
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