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Roivant launches $150M stock offering, shares fall

Feb. 01, 2023 4:38 PM ETRoivant Sciences Ltd. (ROIV) StockBy: Ahmed Farhath, SA News Editor7 Comments
  • Roivant Sciences (NASDAQ:ROIV) on Wednesday announced that it has commenced an underwritten public offering of $150 million of common shares.
  • Roivant expects to grant the underwriters a 30-day option to purchase up to an additional $22.5 million of common shares.
  • All of the common shares are being offered by Roivant.
  • Goldman Sachs, SVB Securities, Cowen, and Cantor Fitzgerald are acting as bookrunning managers for the offering.
  • Shares -4.7% after hours.

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