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Alnylam Pharmaceuticals (ALNY) priced 5 M share offering at $77.50

January 15, 2019 8:11pm

ALNY closed down -$3.57 or -4.25% to $80.45 after closing down -$5.10 on Monday

The gross proceeds to ALNY from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses, are expected to be approximately $387.5 M.

BUY

Stats:

Shares outsyanding: 101.03 M

Float: 89.53 M

Shares short (12/30/18): 13.38%

Current cash position: $1.24 B

Debt: $30 M

Revenue: $91.81 M

Revenue per share: $0.92

%0 day moving average: $76.39

200 day moving average: $76.39

% held by insiders: 11.36%

% held by institutions: 90.57%

The offering is expected to close on or about 1/17/19, subject to the satisfaction of customary closing conditions.

Alnylam has also granted the underwriter a 30-day option to purchase up to an additional 750 K shares of its common stock solely to cover over-allotments. All of the shares in the offering are to be sold by Alnylam.

Barclays Capital Inc. is acting as sole book-running manager for the offering.

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