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Tuesday, September 3, 2024

Vaxcyte Raising $1 Billion Leads Post-Holiday Share Sales

 A clutch of deals including a $1 billion offering of shares and pre-funded warrants kicked off what could be a busy fall for share sales of already-public companies on US exchanges.

Vaxcyte Inc., a clinical stage vaccine company, led the charge with its $1 billion deal, just hours after reporting data from a recent study that sent its stock surging 36% Tuesday to a record close of $110.15.

https://www.bloomberg.com/news/articles/2024-09-03/vaccine-maker-vaxcyte-offers-1-billion-in-shares-warrants

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