tiprankstipranks
Aurora Innovation Launches Major Stock Offering Drive
Company Announcements

Aurora Innovation Launches Major Stock Offering Drive

Don't Miss our Black Friday Offers:

Aurora Innovation (AUR) has provided an update.

Aurora Innovation, Inc. has initiated an underwritten public offering of 116,666,667 shares of its Class A common stock, facilitated by leading financial institutions such as Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC. Priced at $3.60 per share, the company aims to raise approximately $420 million, with the potential to offer an additional 17,500,000 shares through an underwriters’ option. This strategic move, set to close on August 2, 2024, is designed to bolster Aurora’s financial position but comes with customary risks as outlined in their SEC filings.

See more data about AUR stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyReinvent Technology Partners call volume above normal and directionally bullish
TheFlyMicrosoft reports Q1 beat, Comcast weighs cable networks spinoff: Morning Buzz
TheFlyAurora Innovation price target raised to $4 from $3 at TD Cowen
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