BUZZ-Arcus Biosciences falls on pricing $150 mln stock offering at 16% discount
ReutersFeb 18, 2025 12:21 PM
Arcus Biosciences shares RCUS.N drop 4% to $12.57 premarket
Arcus's 13.6 mln stock offering priced at $11 each, a 16% discount to last close
Co plans to use gross proceeds of ~$150 mln to develop its experimental kidney cancer drug and for other purposes
Goldman Sachs, Leerink Partners and Evercore ISI were joint book-runners
Prior to offering, RCUS had 91.5 mln outstanding shares for $1.20 bln market cap, per LSEG data
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