Seattle Genetics to sell 10M common stock shares
USA-based Seattle Genetics says it intends to offer for sale, subject to market and other conditions, 10 million shares of its common stock in an underwritten public offering. The company will grant the underwriters a 30-day option to purchase up to an additional 1.5 million shares of its common stock to cover over-allotments. All of the shares are being offered by the company.
JP Morgan Securities and UBS Investment Bank are acting as joint book-running managers of the offering. RBC Capital Markets, Needham & Company and William Blair & Company are acting as co-managers, Seattle noted.
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