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BNGO - Bionano Genomics under pressure on pricing underwritten public offering
Bionano Genomics Inc.
Bionano Genomics (BNGO) slumped 23% in premarket trade after pricing its earlier announced underwritten public offering of 33.3M shares at $6/share; underwriters granted 30-day option to purchase up to an additional 5M shares to cover over-allotments.Offering expected to close on Jan.22, 2021.Gross proceeds are expected to be ~$200M