Travere Therapeutics prices $125M equity offering

seekingalpha
2024-11-08
  • Travere Therapeutics (NASDAQ:TVTX) priced an underwritten public offering of ~7.81M shares at a price to the public of $16.00 per share.
  • The gross proceeds from the offering are expected to be $125M.
  • The offering is expected to close on November 12, 2024.
  • Underwriters have a 30-day option to purchase up to an additional 1.17M shares.
  • The stock price dropped 2.3% on Friday during pre-market hours of trading.

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