Why DBV Technologies Stock Is Plunging Today

DBV Technologies S.A. (NASDAQ: DBVT), a clinical-stage food allergy company, is having a tough go of it today. The company's shares are down by a hefty 13.3% on over six times the average daily volume, as of 11:39 a.m. EST. 

What's causing investors to run for the exits this morning? Before the opening bell, DBV Technologies announced a sizable global offering of its stock. The offering will reportedly yield gross proceeds of $153.7 million for the company upon closing. DBV Technologies said that the offering should close on Feb. 4, 2020.  

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Source Fool.com