Vermillion Plans to Raise Up to $17.3M in Stock Offering | GenomeWeb

Vermillion has filed to offer more than 2 million shares of its common stock to raise up to $17.3 million.

In a Form S-1 filed this week with the US Securities and Exchange Commission, it said it plans to offer up to 2,098,539 shares of its stock at maximum price of $8.22 per share. The company's stock price has surged in recent months, hitting $8.95 per share on Dec. 27, nearly double its 52-week low of $4.79 on Nov. 30, 2010. It ended the week at $7.64.

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