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via seekingalpha.comCapital Markets

Arcus Biosciences prices $250M public offering at $17.50 per share

FROM THE WIRE · SEEKINGALPHA.COM

* Arcus Biosciences (RCUS [https://seekingalpha.com/symbol/RCUS]) stock price slipped about 6% on Thursday pre-market hours as the company priced [https://seekingalpha.com/pr/20695590-arcus-biosciences-announces-pricing-of-250-million-public-offering-of-common-stock] its public…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA share offering of this size dilutes existing shareholders and typically weighs on the stock in the short term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Arcus Biosciences priced an public offering of $250 million at $17.50 per share.
  2. 02The offering covers 14,285,715 common shares and is expected to close on October 23.
  3. 03The underwriters have a 30-day option to buy up to 2.14 million additional shares.
  4. 04The stock slipped about 6% in Thursday pre-market trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Arcus Biosciences, Inc.RCUSStock19.10 USDMarket closedtoday -19.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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