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ARTICLE | Financial News

GW raises $345M follow-on

October 5, 2018 7:32 PM UTC

GW Pharmaceuticals plc (NASDAQ:GWPH) raised $345 million through the sale of 2.2 million ADSs at $158 in a follow-on underwritten by Goldman Sachs, Morgan Stanley and J.P. Morgan. The offering includes a 285,000 share overallotment on Oct. 5.

The price is a 6% discount to GW’s close of $167.26 on Oct. 1, when it proposed the offering after market hours...

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