Aug. 11 at 9:59 PM
$ABCL regarding the stock offering, note what happend to Cogent as an example:
2025 Cogent’s offering was priced at
$9.00, with approximately
$200M of gross proceeds.
But instead of falling, the stock went:
* July 8:
$9.78
* July 9:
$10.38
* July 10:
$10.83
* July 11:
$10.97
* July 16:
$11.84
* July 17:
$12.21
That’s approximately +24.8% in one week from the
$9.78 pre-offering price. Today, they trade at
$39!
For those who are long, this is a non-event. The funds will help the company accelerate their go to market plan.
In a week or two we will see a strong rebound. Expect a pullback this week. It will be interesting to see what the offer price will be!
