XOMA (XOMA) Surges 27% Despite Stock Offering
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Traders are buying up XOMA Corporation (Nasdaq: XOMA) despite the pricing of an equity offering at a steep discount.
XOMA priced 29,669,154 shares of its common stock and accompanying warrants to purchase one half of a share of common stock for each share purchased at a price to the public of $1.32. The warrants are exercisable at an exercise price of $1.76 per share.
Investos are blowing this off and have bid the stock up 27 percent to $1.84.
XOMA priced 29,669,154 shares of its common stock and accompanying warrants to purchase one half of a share of common stock for each share purchased at a price to the public of $1.32. The warrants are exercisable at an exercise price of $1.76 per share.
Investos are blowing this off and have bid the stock up 27 percent to $1.84.
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