ARTICLE | Financial News
NanoString prices follow-on, reports preliminary earnings
July 17, 2018 11:07 PM UTC
Molecular diagnostic company NanoString Technologies Inc. (NASDAQ:NSTG) raised $50 million through the sale of 4 million shares at $12.50 in a follow-on underwritten by J.P. Morgan, UBS Investment Bank and Baird.
The price is a 17% discount to NanoString's close of $15.10 on Monday when it proposed the offering after market hours. The company lost $2.37 (16%) to $12.73 on Tuesday before it priced the offering after market close...
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