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Kite Pharma (KITE) $250.1 M Public Offering priced at $69.00 for 3.6 M shares

December 9, 2015 6:40am

KITE has commenced an underwritten public offering of approximately $250 million of shares of its common stock. Kite expects to grant the underwriters of the offering a 30-day option to purchase up to an additional $37.5 M of shares of its common stock at the public offering price, less the underwriting discounts and commissions.

Jefferies LLC and Citigroup Global Markets Inc. are acting as lead book-running managers for the offering. Cowen and Company, LLC and RBC Capital Markets, LLC are acting as joint book-running managers, and Stifel is acting as co-manager.

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