Apogee Therapeutics Stock Plummets Following Decision to Upsize Stock Offering
Friday, 8 March 2024, 06:52
Apogee Therapeutics Stock Declines After Pricing Upsized Stock Offering to Raise $420M
Apogee Therapeutics stock faced a significant decline after the company decided to increase the size of its stock offering in an effort to raise $420 million. Investor confidence wavered amidst concerns about dilution and the impact on the company's valuation. The move highlights the challenges faced by Apogee in securing additional capital while managing shareholder expectations.
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