NEW YORK (GenomeWeb) – Natera today priced its public offering of its shares, saying said that it will offer 4.5 million shares of its common stock for $20 per share.
The company expects to close the follow-on offering, which it announced earlier this week, on July 16. At the time, Natera said it planned to raise $75 million in the offering. Underwriters will have 30 days to purchase up to an additional 675,000 shares of common stock from Natera at the public offering price less the underwriting discount.
JP Morgan, Morgan Stanley, and Cowen are the joint book-running managers for the offering.
In early morning trading on the Nasdaq, Natera's shares were up about 9 percent at $22.41.