BioCentury
ARTICLE | Financial News

Pfenex raises $40.5 million in follow-on

April 25, 2015 1:14 AM UTC

Pfenex Inc. (NYSE-M:PFNX) raised $40.5 million through the sale of 2.6 million shares at $15.50 in a follow-on underwritten by Barclays; Evercore; and William Blair. Existing stockholders also sold 3.4 million shares in the offering. Pfenex proposed the offering before market open April 15, when its shares were worth $18.25. The stock lost $0.20 to $15.80 on Friday. ...