Vaxcyte Launches $500 Million Public Offering

MT Newswires Live

01/30

Vaxcyte (PCVX) said Thursday it has launched a public offering of its common stock and pre-funded warrants worth $500 million.

Underwriters are expected to be given a 30-day option to buy up to an additional $75 million in shares.

Shares were down nearly 1% in recent after-hours trading.

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