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KOD - Kodiak Sciences hits the capital raise button; shares dip after hours
Kodiak Sciences Inc
The hot-handed biotech is selling $400M of common stock, with underwriter greenshoe for up to another $60M worth of shares.Kodiak (KOD) is up a modest 400% on a year-over-year basis, now sporting a market cap above $5B.Shares are down 5.6% after hours.Source: Press Release