Tesaro raises $236.3M in follow-on

Tesaro Inc. (NASDAQ:TSRO) raised $236.3 million through the sale of 1.8 million shares at $135 in a follow-on underwritten by Citigroup, Leerink, Credit Suisse, Wells Fargo, Baird, FBR, Guggenheim, Raymond James, SunTrust Robinson Humphrey and Wedbush PacGrow. The price is a 9% discount to Tesaro's $148.50 closing price on Monday, when the company announced the offering after market hours.

On Tuesday, the stock fell $17.46 (12%) to $131.04...