Why Autolus Therapeutics Stock Is Crashing Today

Why Autolus Therapeutics Stock Is Crashing Today

Shares of Autolus Therapeutics (NASDAQ: AUTL) were crashing 35.9% as of 10:34 a.m. ET on Friday. The steep decline came after the biopharmaceutical company announced the price of a public stock offering after the market closed on Thursday. Autolus said that it plans to offer 75 million American depositary shares (ADS) at a price of $2 each.