4.72 million common shares sold by Citigroup, Morgan Stanley in deal
By Devika Patel
Knoxville, Tenn., Feb. 28 - Tesaro, Inc. said it priced an $84.96 million public sale of stock with a $12.74 million greenshoe.
The company will sell 4.72 million common shares at $18.00 per share. The price per share is a 0.99% discount to the Feb. 27 closing share price of $18.18.
Citigroup and Morgan Stanley are the joint bookrunning managers.
Settlement is expected March 5.
Tesaro is an oncology-focused biopharmaceutical company based in Waltham, Mass.
| Issuer: | Tesaro, Inc.
|
| Issue: | Common stock
|
| Amount: | $84.96 million
|
| Greenshoe: | $12,744,000
|
| Shares: | 4.72 million
|
| Price: | $18.00
|
| Warrants: | No
|
| Bookrunners: | Citigroup and Morgan Stanley
|
| Co-managers: | Leerink Swann, Deutsche Bank Securities, BMO Capital Markets and Baird
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Stock symbol: | Nasdaq: TSRO
|
| Stock price: | $18.18 at close Feb. 27
|
| Market capitalization: | $522.33 million
|
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