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ARTICLE | Financial News

Portola raises $105.9 million in follow-on

October 18, 2013 12:23 AM UTC

Portola Pharmaceuticals Inc. (NASDAQ:PTLA) raised $105.9 million through the sale of 4.5 million shares at $23.75 in a follow-on underwritten by Morgan Stanley; Credit Suisse; Cowen; William Blair; and Sanford C. Bernstein. Portola first proposed to raise up to $100 million in the offering last week, when its share price was $26.74. On Wednesday, the company said it planned to sell 4.5 million shares. Portola shareholders also sold 1.9 million shares at $23.75 in a concurrent secondary offering. ...