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REGENXBIO (RGNX) proposes 3.7 M share offering priced at $20.50 for proceeds of $75 M

March 21, 2017 4:58pm

RGNX drops $2.00 or -8.23% to $22.10, the pre-market is down -$1.35 or -6.11%

3.7 M shares are priced at $20.50

RGBX intends to offer and sell, subject to market conditions, $75 M of its common stock in an underwritten public offering.

In addition, REGENXBIO intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of common shares sold in connection with the offering.

Morgan Stanley, BofA Merrill Lynch and Piper Jaffray & Co. are acting as joint book-running managers. Chardan Capital Markets, LLC is acting as co-manager of the offering.

The Bottom Line: The aftermarket has had an impact as RGNX indicates a negative -$1.35 or -6.11% slide - SELL

35 companies, 1 interpreter!

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