89bio, Inc. Announces Pricing of $250.0 Million Public Offering of Common Stock and Pre-Funded Warrants
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89bio, Inc. has announced the pricing of its $250 million public offering, which includes common stock and pre-funded warrants. The offering is expected to close on January 30, 2025.
January 29, 2025 | 3:45 am
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89bio, Inc. has priced its $250 million public offering, including common stock and pre-funded warrants, with an expected closing on January 30, 2025. This move could impact the stock price due to dilution concerns.
The announcement of a $250 million public offering typically leads to concerns about stock dilution, which can put downward pressure on the stock price in the short term. The offering includes a significant number of shares and pre-funded warrants, which increases the total share count. The market often reacts negatively to such news due to the potential dilution of existing shares.
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