RYTM - Rhythm Pharmaceuticals stock slides on pricing stock offering at $26.00/share
- Rhythm Pharmaceuticals ( NASDAQ: RYTM ) shares are down 11.7% after-hours after the firm prices its public offering of 4.8M shares of its common stock at a public offering price of $26.00/share.
- All of the shares are being offered by Rhythm.
- Underwriters are granted a 30-day option to purchase up to an additional 720,000 shares of its common stock at the public offering price.
- Offering is expected to close on September 19, 2022.
- Earlier, Rhythm Pharmaceuticals announces $100M stock offering ; shares fall 12% after hours.
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Rhythm Pharmaceuticals stock slides on pricing stock offering at $26.00/share