August 12, 2020 10:21am

16,675 million shares were offered which included an additional 2,175 million underwiter option

Goldman Sachs & Co. LLC, Cowen and Company, LLC, SVB Leerink LLC and Piper Sandler & Co. are acting as joint book-running managers for the proposed offering.

ADVM is DOWN -$0.16 to $13.55 at closing


ADVM had initially commenced an underwritten public offering of 14.5 million shares with an underwriter a 30-day option to purchase up to an additional 2.175,000 of the shares of its common stock offered in the public offering.

 

 

The "hope" was to raise $188.5 million ... and got $217 million

 

Goldman Sachs & Co. LLC, Cowen and Company, LLC, SVB Leerink LLC and Piper Sandler & Co. are acting as joint book-running managers for the proposed offering.

 

The Bottom Line: a 52-week change of +27.27%

  • Float of 51.65 million shares
  • Shares outstanding: 80.3 million
  • Share short: 11.85 million (7/31), a ratio of 12.28%
  • Cash: $280.1m M
  • Debt: 31.48 M
  • Operating margin: (ttm): -36,120.80%