Bluebird Bio Shares Fall 13% After Disclosing $150 Million Stock Offering

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Bluebird Bio Shares Fall 13% After Disclosing $150 Million Stock Offering

Dow Jones2023-12-19

Shares of Bluebird Bio fell over 13% in premarket trading after the company said it would sell its common stock in a public offering.

The Somerville, Mass.-based company said it would sell $150 million of common stock. Bluebird said the underwriters would have a 30-day option to purchase up to an additional $22.5 million shares.

The company said it would use the proceeds to manufacture its approved gene therapies and for working capital.

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breAkdaWn
·2023-12-19
These companies should be punished severely. Stock offerings. ha
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