JPMorgan, Piper Jaffray, Cowen, Baird help fund sales and marketing
By Devika Patel
Knoxville, Tenn., Jan. 30 – Oxford Immunotec Global plc said it priced a $50 million public sale of stock with a $7.5 million greenshoe. The deal was announced Wednesday.
The company will sell 4,255,319 ordinary shares at $11.75 apiece. The price per share is a 1.51% discount to the Jan. 29 closing share price of $11.93.
J.P. Morgan Securities LLC and Piper Jaffray & Co. are the bookrunners.
Proceeds will be used to hire additional sales and marketing personnel, to accelerate commercial activities, for research and development, for working capital and for general corporate purposes, including potential acquisitions.
The diagnostics company is based in Abingdon, England.
| Issuer: | Oxford Immunotec Global plc
|
| Issue: | Ordinary shares
|
| Amount: | $50 million
|
| Greenshoe: | $7.5 million
|
| Shares: | 4,255,319
|
| Price: | $11.75
|
| Warrants: | No
|
| Bookrunners: | J.P. Morgan Securities LLC and Piper Jaffray & Co.
|
| Co-managers: | Cowen and Co., LLC and Robert W. Baird & Co. Inc.
|
| Announcement date: | Jan. 28
|
| Pricing date: | Jan. 30
|
| Stock symbol: | Nasdaq: OXFD
|
| Stock price: | $11.93 at close Jan. 29
|
| Market capitalization: | $211.33 million
|
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