NEW YORK – Natera said late on Thursday that it has priced the $250 million public stock offering announced earlier this week. The company is offering 4,166,666 shares of its common stock at a price of $60 per share.
The follow-on offering is expected to close on Sept. 15, subject to customary closing conditions.
The underwriters have a 30-day option to purchase up to another 624,999 shares of Natera's common stock at the public offering price, less the underwriting discounts and commissions.
As previously announced, JP Morgan, Morgan Stanley, Cowen, and SVB Leerink are acting as joint book-running managers for the offering, while Baird and Craig-Hallum Capital Group are acting as co-managers.
In morning trading on the Nasdaq, Natera's stock was down 3 percent, at $59.83 per share.