Rhythm Pharmaceuticals announces $150 million stock offering

Go back to Rhythm Pharmaceuticals announces $150 million stock offering

Rhythm Pharmaceuticals, Inc. Announces Proposed Public Offering of Common Stock

July 9, 2025 4:16 PM EDT

BOSTON, July 09, 2025 (GLOBE NEWSWIRE) -- Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM) (Rhythm), a global, commercial-stage biopharmaceutical company dedicated to transforming the lives of patients living with rare neuroendocrine diseases, today announced a proposed public offering of $150 million of its common stock. All securities in the offering will be offered by Rhythm. In addition, Rhythm intends to grant the underwriters a 30-day option to purchase up to an additional $22.5 million of shares of common stock at the public offering price, less the underwriting discounts and commissions.

Morgan Stanley, BofA Securities, Stifel and Wells Fargo Securities are... More