05:01 PM EST, 12/02/2024 (MT Newswires) -- Revolution Medicines ( RVMD ) said Monday it started a $600 million underwritten offering of common shares.

Underwriters in the offering will have a 30-day option to buy up to an additional $90 million of shares in the offering, according to the company.

Shares of Revolution Medicines ( RVMD ) were down 3.4% in after-hours trading.