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Illumina Nets $340M in Public Offering

NEW YORK (GenomeWeb News) – Illumina said today that it has raised net proceeds of $342.6 million in a public stock offering.
 
The company said that it sold 4,025,000 shares at $87.50 per share in the offering.
 
Goldman, Sachs was the sole manager of the offering.
 
Illumina said last week that it plans to use the proceeds from the offering to fund R&D efforts, expand its manufacturing capacity, and for working capital needs. The company said that it may also use the financing to acquire, license, or invest in other businesses, technologies, or products.

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