NanoString raises $50.3M in follow-on

Molecular diagnostic play NanoString Technologies Inc. (NASDAQ:NSTG) raised $50.3 million through the sale of 3 million shares at $16.75 in a follow-on underwritten by Baird.

The price is a 9% discount to NanoString's close of $18.34 on Wednesday, when it proposed the offering after market hours. The company priced the offering early Thursday, and then lost $1.24 during the day. It added $0.23 to $17.33 on Friday...