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Home › Business, Policy & Funding › Business News › T2 Biosystems Proposes Public Stock Offering of 5.65M Shares

T2 Biosystems Proposes Public Stock Offering of 5.65M Shares

May 30, 2018
|
staff reporter

NEW YORK (360Dx) – T2 Biosystems announced on Tuesday that it has begun a public offering of 5.657 million shares of its common stock.

T2 Bio has not yet priced its shares. It said that it will grant the underwriters a 30-day option to purchase up to an additional 847,500 shares of its common stock.

Leerink Partners will act as joint book-running manager for the offering, while Canaccord Genuity will act as passive book-running manager. In addition, Janney Montgomery Scott, JonesTrading Services, and WBB Securities will act as co-managers for the offering.

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