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Personalis Prices $125M Public Stock Offering

NEW YORK – Personalis said Wednesday that it has priced its recently announced public offering of 6,578,947 shares of its common stock at $19 per share. It expects gross proceeds to be about $125 million.

The company, which has commercialized a suite of next-generation sequencing services for population genomics and cancer diagnostics research, didn't detail its intended use of proceeds from the offering.

BofA Securities, Citigroup and Cowen are acting as joint book-running managers. BTIG, Needham & Company and Oppenheimer & Co. are acting as co-managers.

Personalis is also granting underwriters a 30-day option to purchase up to an additional 986,842 shares of common stock from a selling stockholder under the same terms and conditions. The firm will not receive any proceeds from the sale of shares by this other party.

The Menlo Park, California-based firm went public a little more than a year ago through a $155 million initial public offering.

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