Company offers 6.1 million shares plus 915,000-share greenshoe
By Toni Weeks
San Diego, July 11 - OraSure Technologies, Inc. priced a $75.03 million public offering of common stock with an $11.25 million greenshoe, according to an FWP filing with the Securities and Exchange Commission.
The company is offering 6.1 million shares at $12.30 per share, a 0.32% discount to the closing share price of $12.34 on July 10.
Citigroup Global Markets Inc. and Jefferies & Co., Inc. are the joint bookrunning managers. Canaccord Genuity Inc., Stephens Inc., ThinkEquity LLC and JMP Securities LLC are the co-managers.
Proceeds will be used for general corporate purposes.
Settlement is expected July 16.
Based in Bethlehem, Pa., OraSure develops, manufactures and distributes oral fluid diagnostic and collection devices and other technologies for the detection or diagnosis of critical medical conditions.
| Issuer: | OraSure Technologies, Inc.
|
| Issue: | Common stock
|
| Amount: | $75.03 million
|
| Shares: | 6.1 million
|
| Greenshoe: | $11,254,500, or 915,000 shares
|
| Price: | $12.30
|
| Warrants: | No
|
| Joint bookrunners: | Citigroup Global Markets Inc. and Jefferies & Co., Inc.
|
| Co-managers: | Canaccord Genuity Inc., Stephens Inc., ThinkEquity LLC and JMP Securities LLC
|
| Pricing date: | July 10
|
| Settlement date: | July 16
|
| Stock symbol: | Nasdaq: OSUR
|
| Stock price: | $12.34 at close July 10
|
| Market capitalization: | $599.41 million
|
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