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Cepheid Issues Public Stock Offering Valued at $61.9 Million

NEW YORK, Feb. 12 (GenomeWeb News) - Cepheid is offering 5.5 million shares of common stock at a public offering price of $11.25 per share, the company said today.


The total value of the offering is $61.9 million.


Cepheid also said it has granted its underwriters an option to purchase up to an additional 825,000 shares of common stock to cover over-allotments. UBS Securities is the sole book-running manager for the offering. William Blair & Company, C.E. Unterberg, Towbin, and Rodman & Renshaw are acting as co-managers.