Richard Branson's Virgin Galactic drops 5% after it says it will sell $492 million of stock to protect Virgin's travel businesses

Business Insider

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· Shares in Richard Branson's Virgin Galactic slipped 5% in morning trading Monday after the company said it would sell up to 25 million shares to raise money for the Virgin Group's struggling leisure businesses
· Virgin Galactic shares fell to $19.19 as of 11.45 a.m. ET.
· The company said it will use the proceeds to...

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