Sutro Biopharma Set to Raise $75M Through Common Share Offering

Tuesday, 2 April 2024, 10:36

Sutro Biopharma has priced their underwritten offering, with common shares available at $5.18 each, targeting approximately $75 million in gross proceeds. The company's decision to raise capital through this offering indicates strategic financial planning towards achieving their funding goals.
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Sutro Biopharma Set to Raise $75M Through Common Share Offering

Sutro Biopharma Announces Underwritten Offering

Sutro Biopharma has successfully priced their underwritten offering, setting the price of common shares at $5.18 each. The company aims to raise around $75 million in gross proceeds through this financial move.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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