Portola raises $99.8M in follow-on

Portola Pharmaceuticals Inc. (NASDAQ:PTLA) raised $99.8 million through the sale of 2.5 million shares at $40 in a follow-on underwritten by Morgan Stanley; Credit Suisse; Cowen; and Sanford Bernstein. Portola proposed the offering after market on Monday, when it shares were valued at $42.31; the company lost $2.53 to $39.78 on Tuesday. ...