February 26, 2019 7:56pm
$60.00 is the price for a 5.072 M share offering, hoping for proceeds of $304.2 M
RARE closed down -$1.86 or -2.94% to $61.51 with an aftermarket slide of -$0.65 or -1.05% to $60.86
RARE has commenced an underwritten public offering of up to $250 M of shares of its common stock. In addition,
RARE is expected to grant the underwriters of the offering an option for a period of 30 days to purchase up to an additional $37.5 M of shares of common stock at the public offering price, less the underwriting discount. ...
52 week change: = +30.23%
52 week high of $90.98 and a low of $37.44
Share outstanding = 50.58 M and a float of 47.95 M
Share short were 5.48 M or a 9.35 ratio
Share short of float = -15.38% and -10.84% of outstanding
The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, BofA Merrill Lynch and Cowen are acting as joint book-running managers for the offering.