ARTICLE | Financial News
Gene therapy company Audentes raises $151M
October 12, 2018 6:18 PM UTC
On the heels of data for one of its gene therapies, Audentes Therapeutics Inc. (NASDAQ:BOLD) raised $150.8 million on Oct. 10 through the sale of 5.2 million shares at $29 in a follow-on underwritten by BofA Merrill Lynch, J.P. Morgan, Cowen and Wedbush PacGrow. The price is a 21% discount to Audentes' close of $36.70 on Oct. 9, when it proposed to raise $150 million.
The company slid 19% on Oct. 10 before pricing the offering after market hours. It lost another $2.70 to $27.13 on Oct. 11...
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