CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Alpha Teknova tumbles on planned stock offering

By Reuters News20:23 (UTC), 20 October 2026 Updated

** Shares of Alpha Teknova TKNO.O, which makes reagents for the life science industry, tumble 24% post-market to $5.60 as it seeks equity raise

** TKNO kicks off stock offering without disclosing deal size

** TD Cowen and William Blair are joint bookrunners

** Co intends to use net offering for general corporate purposes, including potential repayment of debt, and may use a portion to acquire or invest in other businesses, products, and technologies

** Hollister, California-based firm has ~53.7 mln shares outstanding for roughly $400 mln market cap

** Co estimates Q3 rev of $12.5-$12.7 mln and net loss of $3.49-$3.69 mln, and $16.6 mln of cash and short term investments as of Sept 30

** TKNO stock closed up 8.7% at $7.39 on Tues, up ~94% YTD

** 7 of 8 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT $9.50, per LSEG

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.