By Robb M. Stewart
Wave Life Sciences' shares fell sharply after the clinical-stage biotechnology company priced an upsized $350 million equity raising.
The shares were down 10% at $19.09 in early trading Wednesday, narrowing the advance in 2025 to 54%.
Wave Life late Tuesday said an underwritten public offering of 15.8 million of its shares was priced at $19 apiece, along with warrants to buy 2.63 million shares at $18.9999 each.
The company granted the underwriters a 30-day option to buy up to an additional 2.76 million of its shares on the same terms.
Wave Life on Monday launched an offering of $250 million of its shares and warrants.
The offering is expected to close on or about Thursday.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
December 10, 2025 09:52 ET (14:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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