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NEW YORK (GenomeWeb) – Genome editing company Precision BioSciences today priced the initial public offering of its common stock, and is aiming to raise $126.4 million in gross proceeds from the sale.

The company priced 7.9 million shares of common stock at $16 per share, and is granting the underwriters a 30-day option to purchase approximately 1.2 million additional shares at the IPO price. The shares began trading on the Nasdaq Global Select Market under the ticker symbol DTIL today, and the offering is expected to close on April 1.

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