11:16 AM EST, 02/03/2025 (MT Newswires) -- 89bio (ETNB) closed an underwritten public offering of almost 26 million common shares at $8.75 apiece for gross proceeds of $287.5 million.

The offering included 4.2 million additional shares bought by underwriters under their option and 6.9 million pre-funded warrants, the company said Monday in a statement.

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