2023-04-19 05:36:43 ET
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Vaxcyte ( NASDAQ: PCVX ) prices an underwritten public offering o f 11.2M shares and warrants to purchase 1M shares.
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The shares being sold at a public price of $41.00 per share, and the pre-funded warrants are being sold at a public offering price of $40.999 per pre-funded warrant.
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Aggregate gross proceeds from this offering are expected to be ~$500M.
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Underwriters' have a 30-day option to purchase up to an additional 1.83M shares.
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The offering is expected to close on April 21, 2023.
For further details see:
Vaxcyte prices $500M public offering