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RYTM - Rhythm Pharma slips 3% after pricing stock offering
Rhythm Pharmaceuticals Inc.
Rhythm Pharmaceuticals (RYTM) slips 3% premarket after pricing public offering of 5M common shares at $30.00/share.Underwriters' over-allotment is an additional 750K shares.Closing date is February 9. Morgan Stanley, BofA Securities, Cowen and Stifel are acting as the joint book-running managers for the offering. Canaccord Genuity is acting as lead manager for the offering.Previously (Feb. 3): Rhythm Pharma announces $150M proposed public offering