GlobeNewsWire
02 Jul 2026, 06:00 UTC · 4h ago
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Abivax's underwriters fully exercised their option to purchase additional ADSs, increasing the offering's gross proceeds to $920 million. — Full exercise of an over-allotment option indicates strong institutional demand for the stock and significantly increases the company's cash runway.
+0.60The offering of 7,360,000 ADSs is expected to provide Abivax with estimated net proceeds of approximately $874.1 million. — Substantial capital infusion for a clinical-stage biotech reduces immediate financing risk and supports the advancement of its drug pipeline.
+0.40The additional ADSs were priced at $125.00 per share, representing a 2.39% premium over the volume weighted average price of the preceding three trading sessions. — Pricing a secondary offering at a premium rather than a discount is a bullish signal regarding investor confidence in the company's valuation.
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The company successfully raised approximately $920 million in gross proceeds as underwriters fully exercised their option to purchase additional ADSs.
Morgan Stanley served as an underwriter for a successful high-value offering.
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