NEW YORK (GenomeWeb News) – Fluidigm today said it has closed on its public offering of 4,209,000 shares of its common stock and raised $56.1 million in net proceeds.
The South San Francisco, Calif.-based firm announced the offering last week and priced its shares at $14.25. It plans to use proceeds for R&D, commercialization efforts, working capital, and other general corporate purposes.
Piper Jaffray and Cowen and Co, acted as joint book-running managers on the offering, while Leerink Swann, Oppenheimer, and Cantor Fitzgerald were co-managers. The underwriters exercised their over-allotment option in full to purchase 549,000 shares, Fluidigm said.
The company went public in February 2011.