Indication intelligence, analysis and sector perception

bluebird bio (BLUE) prices $350 M share offering at $105.00

June 26, 2017 4:58pm

BLUE closed down -$4.20 to $1.06.90 after Monday's -$0.90 or -0.80% to $111.10

bluebird bio (BLUE), has commenced an underwritten public offering of $350 million of its common stock.

BLUE also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock offered in the public offering.

Goldman Sachs & Co. LLC, BofA Merrill Lynch and Cowen are acting as joint book-running managers of the proposed offering.

The Bottom Line: $105.00 a share for 35 M shares? 40.95 M shares outstanding with a float of 40.58 M shares ... and $634.07 M as of the end of Q1/17

35 companies, 1 interpreter!

Insight, foresight and recommendation

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