By Connor Hart
Shares of Immatics fell after the company disclosed a $125 million public offering of ordinary stock.
The stock sank 10%, to $10.67, in premarket trading Friday. Through Thursday's close, shares have gained nearly 67% since the beginning of the year.
The biopharmaceutical company ahead of the bell said it agreed to sell 12.5 million ordinary shares for $10 apiece. The offering is expected to close Monday, subject to customary closing conditions.
Immatics didn't say what it intends to do with proceeds from the offering. Jefferies, Leerink Partners and Cantor are acting as joint book-running managers for the offering, it said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
December 05, 2025 06:46 ET (11:46 GMT)
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