Leerink Partners is bookrunner; Wells Fargo and JMP Securities assist
By Devika Patel
Knoxville, Tenn., Aug. 18 – OncoMed Pharmaceuticals, Inc. said it priced a $55 million public sale of stock with an $8.25 million greenshoe. The deal was announced Wednesday.
The company will sell 5.5 million common shares at $10.00 apiece. The price per share is a 14.6% discount to the Aug. 17 closing share price of $11.71.
Leerink Partners LLC is the bookrunner.
Settlement is expected Aug. 23.
Proceeds will be used for general corporate purposes.
The biopharmaceutical company is based in Redwood City, Calif.
Issuer: | OncoMed Pharmaceuticals, Inc.
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Issue: | Common shares
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Amount: | $55 million
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Greenshoe: | $8.25 million, or 825,000 shares
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Shares: | 5.5 million
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Price: | $10.00
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Warrants: | No
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Bookrunners: | Leerink Partners LLC
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Co-managers: | Wells Fargo Securities, LLC and JMP Securities LLC
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Announcement date: | Aug. 17
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Pricing date: | Aug. 18
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Settlement date: | Aug. 23
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Stock symbol: | Nasdaq: OMED
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Stock price: | $11.71 at close Aug. 17
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Market capitalization: | $302.82 million
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