NasdaqGS:IMVTBiotechs
Immunovant (IMVT): Reassessing Valuation After a $550 Million Follow-On Equity Raise
Immunovant (IMVT) just raised roughly $550 million through a follow on equity offering at $21 a share, a meaningful capital boost that also brings the usual dilution questions front and center for investors.
See our latest analysis for Immunovant.
The offering lands on top of a strong run, with a 30 day share price return of about 15 percent and a 90 day surge of more than 80 percent. The three year total shareholder return above 60 percent suggests longer term momentum has been building...