SCLN Headlines
SciClone Pharmaceuticals (NASDAQ:SCLN)
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19 Sep 2003, 11:22 AM CDT Rating: 
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Msg. 4398 of 4439
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SciClone Announces Offering of 6,000,000 Shares of Common Stock 9/18/2003 7:07:00 PM Good Morning Longs, To those that are knowledgeable, does this possibly mean that in the long run our gains or profits will be diluted? What good can come out of this other than for management. More monies for research with possibly more profits but in turn the share holders are hit with dilution and management gets the bigger share. Thanks for your thoughts. SAN MATEO, Calif., Sep 18, 2003 (BUSINESS WIRE) -- SciClone Pharmaceuticals, Inc. (SCLN) announced that it commenced today the public offering of 6,000,000 shares of its common stock. All shares are being offered by SciClone. In addition, the underwriters have a 30-day period in which to exercise an option to purchase up to 900,000 additional shares of common stock from SciClone to cover over-allotments, if any. The offering price is $8.00 per share. Net proceeds to SciClone from the sale will be approximately $45 million (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy) |
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