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CERE - Cerevel Therapeutics raises $350M via equity offering
Ceres Inc.
Cerevel Therapeutics (CERE) has priced its public offering of 14M common shares at $25.00/share, for expected gross proceeds of ~$350M.Underwriters' over-allotment is an additional 2.1M shares.Closing date is July 7. J.P. Morgan Securities, Goldman Sachs, Jefferies, and Stifel, Nicolaus & Company are acting as joint book-running managers.Previously (June 29): Cerevel Therapeutics trades in green on 14M stock offering