tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Duality Biotherapeutics Completes Full Exercise of Over-allotment Option

Story Highlights
Duality Biotherapeutics Completes Full Exercise of Over-allotment Option

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Duality Biotherapeutics, Inc. ( (HK:9606) ).

Duality Biotherapeutics, Inc., a company incorporated in the Cayman Islands, has announced the full exercise of the Over-allotment Option, resulting in the issuance of 2,599,800 shares at HK$94.60 per share. This move represents approximately 15% of the total Offer Shares available under the Global Offering. The newly issued shares will facilitate the return of borrowed shares under a Stock Borrowing Agreement, used to cover over-allocations in the International Offering. The listing and trading of these shares on the Hong Kong Stock Exchange are set to commence on May 9, 2025. This development is expected to slightly adjust the company’s shareholding structure, increasing the public shareholders’ stake to 73.67%.

More about Duality Biotherapeutics, Inc.

Average Trading Volume: 1,719,989

For a thorough assessment of 9606 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1