BridgeBio Pharma Inc.’s stock jumped 3.8% in premarket trade Monday, after the company announced a $250 million private investment in public equity, or PIPE,...
BridgeBio Pharma Inc.’s stock BBIO, +1.11% jumped 3.8% in premarket trade Monday, after the company announced a $250 million private investment in public equity, or PIPE, equity offering led by the Qatari sovereign fund. The Palo Alto, Calif.-based biotech, which specializes in treatments for genetic diseases and cancers, said the placement of 9.2 million shares priced at Friday’s closing price of $27.27 a share.
and a number of big institutional investors and existing investors. “The company completed this targeted and strategic raise in order to provide an entry for new long-term shareholders,” BridgeBio said in a statement. “The company also continues to explore additional strategic options to fund the business.” TD Cowen, Mizuho and KKR Capital Markets were joint placement agents on the deal. The stock has gained 258% in the year to date, while the S&P 500 SPX, -0.23% has gained 12.5%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock Up on Fall-Perfect Button-Downs for Less Than $40 at AmazonAmazon’s fall fashion section includes button-down shirts that are perfect for in-between weather. Stock up on classic white button-downs, flannels, corduroy shirts, and chambray styles for less than $40.
Weiterlesen »
Big Hedge Fund Bets on Exxon, Domino’s, and Coke StockDavidson Kempner Capital Management initiated positions in Exxon, Domino’s, and Coca-Cola, and exited CVS stock in the second quarter.
Weiterlesen »
Boeing is by far the most oversold stock in the S&P 500. Here are the othersHere's the latest iteration of CNBC's overbought and oversold stock screener.
Weiterlesen »
Stock futures inch up as the market enters last week of September with losses: Live updatesStocks have struggled this month as the Federal Reserve signaled higher interest rates for longer, sending bond yields rising.
Weiterlesen »
Stock investors face a wall of worry into the year-end, creating the need for protectionRising oil prices, ongoing labor strikes, a potential U.S. government shutdown, and the resumption of student-loan payments are among the risks for investors.
Weiterlesen »
Stock investors face a wall of worry into year's end, creating the need for protectionRising oil prices, ongoing labor strikes, a potential U.S. government shutdown, and the resumption of student-loan payments are among the risks for investors.
Weiterlesen »