FPO

Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according to a statement issued by the firm to exchanges on Wednesday. What Happened: The board decided not to go ahead...

Shares of biotechs Sienna Biopharmaceuticals Inc (NASDAQ: SNNA) and Ovid Therapeutics Inc (NASDAQ: OVID) were plunging Wednesday, with the trigger being follow-on offerings announced by the companies. Why do shares often react with a move to the downside when a company announces a common stock...