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ARTICLE | Financial News

Natera gains after $180M IPO

July 3, 2015 1:09 AM UTC

Diagnostics company Natera Inc. (NASDAQ:NTRA) gained $4.74 (26%) to $22.74 in its first day of trading Thursday after raising $180 million through the sale of 10 million shares at $18 in an offering underwritten by Morgan Stanley; Cowen; Piper Jaffray; Baird; and Wedbush Pacgrow. The IPO price valued the company at $871.7 million.

In an SEC filing on Wednesday, Natera said it hoped to sell 10 million shares at $17-$18. The company had said last month it aimed to sell 6.3 million shares at $15-$17. A sale of 6.3 million shares at $16 would have raised $100 million and valued the company at $714.8 million. ...