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Intellia Therapeutics (NTLA) prices 4.79 million share offering at $36.50

December 2, 2020 8:32am

NTLA dropped another -$1.17 ($38.10), after Monday's -$0.117 ($39.27), after Friday's ($39.38) with a Wednesday -$1.10 pre-markt indicationhas upon pricing of an underwritten public offering expeting $175 million upon receipt

NTLA priced at $36.50

NTLA also granted the underwriters a 30-day option to purchase up to an additional 719,178 shares of its common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $175 million, excluding any exercise of the underwriters' option to purchase additional shares.

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

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, or as to the actual size or terms of the offering.

The Bottom Line: a 52-week change of +130.56%, a 52-week high of 40.29 and a low of $9.18, a 52-week moving average of 28.43 and a 200-day moving average of 22.60 but, a short percentage (%) of float of 29.75%. cash of $95 million, debt of $6.91 million and a cash per share of $6.91.

Guess pricing of offering: $32 - $35

35 companies, 1 interpreter!

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