Legend Biotech Shares Plunge 8% on $225M ADS Offering Filing
Reported by Wiseek News
Sentiment
Negative
Importance
8
Price
$31.5
Mkt Cap
$6.226B
52W Low
$16.24
52W High
$45.297
Market data snapshot near publication time
Summary
Legend Biotech shares fell 8% after the company filed for a $225 million American Depositary Share (ADS) offering. This follows yesterday's announcement and preliminary prospectus filing for the same offering. The capital raise represents approximately 3.6% dilution relative to the company's market cap, and the sharp share price decline reflects investor concerns over the offering's impact.
At the time of this announcement, LEGN was trading at $31.50 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $16.24 to $45.30. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.
Price Chart
LEGN - Latest Insights
LEGN
Jun 18, 2026, 3:13 AM EDT
Price at Filing:
$31.50
Real-time Price:
$30.85
Change:
-$0.650 (-2%)
Market Cap:
$6.226B
LEGN
Jun 17, 2026, 9:24 PM EDT
Price at Filing:
$31.50
Real-time Price:
$30.85
Change:
-$0.650 (-2%)
Market Cap:
$6.226B
LEGN
Jun 17, 2026, 4:50 PM EDT
Price at Filing:
$31.40
Real-time Price:
$30.85
Change:
-$0.5503 (-2%)
Market Cap:
$6.226B
LEGN
Jun 17, 2026, 4:42 PM EDT
Price at Filing:
$31.48
Real-time Price:
$30.85
Change:
-$0.6255 (-2%)
Market Cap:
$6.226B
LEGN
Jun 17, 2026, 4:29 PM EDT
Price at Filing:
$31.20
Real-time Price:
$30.85
Change:
-$0.3503 (-1%)
Market Cap:
$6.226B
LEGN
Jun 15, 2026, 8:00 AM EDT
Price at Filing:
$35.76
Real-time Price:
$30.85
Change:
-$4.91 (-14%)
Market Cap:
$6.226B
LEGN
Jun 14, 2026, 3:15 AM EDT
Price at Filing:
$35.87
Real-time Price:
$30.85
Change:
-$5.02 (-14%)
Market Cap:
$6.226B
LEGN
Jun 02, 2026, 9:30 AM EDT
Price at Filing:
$25.52
Real-time Price:
$30.85
Change:
+$5.33 (+21%)
Market Cap:
$6.226B
LEGN
Jun 02, 2026, 9:30 AM EDT
Price at Filing:
$25.52
Real-time Price:
$30.85
Change:
+$5.33 (+21%)
Market Cap:
$6.226B
LEGN
Jun 01, 2026, 10:00 AM EDT
Price at Filing:
$26.59
Real-time Price:
$30.85
Change:
+$4.26 (+16%)
Market Cap:
$6.226B