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.