Revolution Medicines (RVMD) Commences Up to $300M Share Offering

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Revolution Medicines Announces Commencement of Public Offering of Common Stock

March 1, 2023 4:17 PM EST

REDWOOD CITY, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, today announced that it has commenced an underwritten public offering to sell up to $300 million of shares of its common stock. All of the shares of common stock are being offered by Revolution Medicines. In addition, Revolution Medicines intends to grant the underwriters a 30-day option to purchase up to an additional $45 million of shares of common stock. The offering is subject to market and other conditions, and there... More