Inovio falls after $75 million placing announced

Inovio Pharmaceuticals {NASDAQ: INO} The shares of the company have fallen 13.9% after a $75 million dollar placing was announced after hours on the 18th July.

With a potential overallotment of up to $11.25 million, the placing is running on a best efforts basis.

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Comment

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With such dilution on a best efforts basis, this is a bit risky, and you have to hope the price stabiilises around the current level, otherwise the book building could result in the price being chased down further.

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The market doesn’t seem too impressed currently.

 

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Inovio Pharmaceuticals {NASDAQ: INO} The shares of the company have fallen 13.9% after a $75 million dollar placing was announced after hours on the 18th July.

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With a potential overallotment of up to $11.25 million, the placing is running on a best efforts basis.

 

 

 

 

 

 

 

 

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