Replies to post #252032 on Biotech Values

[charlie91]

What does it mean "underwritten public offering of 8,000,000 American depositary shares (ADSs), each representing three ordinary shares"?

Does it mean dilution of 24,000,000 of common shares?

[DewDiligence]

GPCR sells—(upsized)—10.43M* ADSs @$52.50—essentially no discount to Monday’s closing price of $52.74:

https://www.globenewswire.com/news-release/2024/06/05/2894361/0/en/Structure-Therapeutics-Announces-Pricing-of-Upsized-476-Million-Public-Offering.html

See #msg-174536635 for related info.

*Assuming exercise of underwriter’s option.