Beam Therapeutics Shares Drop After $500M Offering Prices

By MarketWatch   |   1 week ago
Beam Therapeutics Shares Drop After $500M Offering Prices

Beam Therapeutics priced an underwritten offering to raise $500 million, leading to a 14% drop in its shares. The company plans to sell 16.2 million shares at $28.48 each and pre-funded warrants for 1.4 million shares.

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