08:05 AM EDT, 09/16/2024 (MT Newswires) -- Nuvalent ( NUVL ) said Monday it has launched an underwritten public offering of $350 million of its shares of Class A common stock.

The company expects to grant the underwriters a 30-day option to buy up to an additional 15% of shares sold in the offering.

Nuvalent's ( NUVL ) shares jumped nearly 19% in recent Monday premarket activity.

Price: 104.00, Change: +16.55, Percent Change: +18.93