Rhythm Pharmaceuticals (RYTM) to Offer $150M in Common Stock
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Rhythm Pharmaceuticals, Inc. Announces Proposed Public Offering
February 3, 2021 4:01 PM ESTBOSTON, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM), a biopharmaceutical company aimed at developing and commercializing therapies for the treatment of rare genetic diseases of obesity, today announced a proposed public offering of $150 million of shares of its common stock. All shares 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 discount and commission.
Morgan Stanley, BofA Securities,... More
