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Benzinga
Benzinga
Business
Adam Eckert

Joby Aviation Stock Is Falling In After-Hours Tuesday: What's Behind The Sell-Off?

Joby Joby Aviation Joby Aviation Inc
Joby Aviation

Shares of electric vertical take-off and landing (eVTOL) aircraft company Joby Aviation Inc (NYSE:JOBY) are tumbling in Tuesday’s after-hours session after the company filed for a $500 million offering.

What To Know: Joby announced plans to offer and sell $500 million of its common stock in a public offering. The company intends to grant the underwriters a 30-day option to buy up to an additional $75 million of common stock at the offering price, which was not disclosed.

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