Decode Shares Slide 8 Percent After Firm Said It Would Raise $30M in Stock Placement | GenomeWeb
NEW YORK (GenomeWeb News) - Shares in Decode Genetics were down 8.1 percent, or $.46, at $5.22 in mid-afternoon trading after the company said it plans to  raise $30 million in a private stock placement.
 
As GenomeWeb News reported this morning, the Icelandic company said it plans to sell 6 million shares at $5 apiece to existing and new institutional investors.
 

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