2023-05-22 16:50:30 ET
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Guardant Health ( NASDAQ: GH ) said Monday it intends to offer $250 million of its common stock in an underwritten public offering.
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Shares -7.5% at 28.50 after hours.
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The company said it intends to grant the underwriters a 30-day option to purchase up to $37.5 million of its common stock.
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All of the shares of common stock in the offering will be sold by the company.
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Pricing and details of the number of shares to be offered were not disclosed.
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J.P. Morgan, Goldman Sachs & Co. LLC, TD Cowen, and SVB Securities are acting as joint book-running managers for the proposed offering.
For further details see:
Guardant Health proposes $250M stock offering, shares fall