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/biz/ - Business & Finance

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>> No.19357750 [View]
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19357750

>public secondary offering of 11,831,496 shares of its common stock held by Sanofi at a price of $515.00 per share

WHAT
THE
FUCK

The stock just closed at $545/share, are they now dumping it on the market at $515?? How the hell does this work exactly? Did they just undermine the value of the shares and reprice it at $515?

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