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Quanterix Prices $85M Public Stock Offering

NEW YORK – Quanterix said after the market closed Thursday that it has priced a public offering of 2,651,108 shares of its common stock at $32 per share. It expects gross proceeds from the offering of around $84.8 million.

The company said it plans to use the proceeds to expand its business, including growing its installed base of instruments and developing additional assays and instruments.

SVB Leerink and Cowen are joint bookrunning managers for the offering. Canaccord Genuity is comanager for the offering.

Quanterix has granted the underwriters a 30-day option to purchase up to an additional 397,666 shares of common stock at the public offering price less underwriting discounts and commissions.