04:35 PM EDT, 09/03/2024 (MT Newswires) -- Vaxcyte ( PCVX ) said Tuesday it started a $1 billion underwritten public offering of common shares and pre-funded warrants.

The company said it plans to give underwriters a 30-day option to buy up to an additional $150 million of common shares, including those underlying the pre-funded warrants.

Shares of the company were down nearly 1% in recent after-hours activity.

Price: 109.33, Change: -0.82, Percent Change: -0.74