Joby Aviation Shares Tumble After Pricing of $514 Million Discounted Offering

Joby Aviation shares tumble after pricing of $514 million discounted offering

Shares of Joby Aviation fell more than 11% on Wednesday after the electric air-taxi maker priced a $514 million discounted share sale.

Why Joby Aviation Stock Was Pulling Back Today @themotleyfool #stocks $JOBY

Key PointsJoby sold $513 million of stock last night at a price of $16.85 per share.The offering price was 11% below where the stock closed yesterday.Joby's revenue is still negligible, meaning the company will have to raise money to fund its investments. 10 stocks we like better than Joby Aviation › Shares of Joby Aviation (NYSE: JOBY) were moving lower today after the maker of electric vertical takeoff and landing (eVTOL) vehicles held a follo…

Joby sinks after announcing pricing of stock offering; 30.5 million shares to be sold at $16.85/share

The flying taxi startup is raising new cash at an ~11% discount to fund certification and manufacturing....

Joby shares tumble following stock release announcement - RotorHub International

Shares in eVTOL developer Joby fell sharply following yesterday’s price announcement a tranche of 30,500,000 shares of common stock at an offering price of $16.85 per share considerable discount on the trading position. Joby’s shares had been trading at USD19.50 at close of business on Tuesday but fell by 13% in overnight and pre-opening trading to USD16.90 falling below the offer price to USD16.76 before a slight rally late morning. Joby hopes …