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 $250 million in common stock and pre-funded warrants, with an option for underwriters to purchase an additional $37.5 million. The offering is subject to market conditions.
January 27, 2025 | 9:30 pm
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89bio, Inc. is proposing a $250 million public offering of common stock and pre-funded warrants, potentially diluting existing shares. The offering is subject to market conditions.
The announcement of a public offering typically leads to a short-term decrease in stock price due to potential dilution of existing shares. The offering's completion is subject to market conditions, adding uncertainty.
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