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Guardant Health Prices IPO Of 12.50 Mln Shares At $19/shr

Guardant Health Inc. (GH) announced the pricing of its initial public offering of 12.50 million shares of common stock at a public offering price of $19.00 per share. All of the shares of common stock are being offered by Guardant Health.

In addition, Guardant Health has granted the underwriters a 30-day option to purchase up to an additional 1.875 million shares of common stock at the initial public offering price, less the underwriting discounts and commissions.

Guardant Health's common stock is expected to begin trading on The Nasdaq Global Select Market on October 4, 2018, under the ticker symbol "GH".

The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Guardant Health, are expected to be $237.5 million, excluding any exercise of the underwriters' option to purchase additional shares.

The offering is expected to close on October 9, 2018, subject to the satisfaction of customary closing conditions.

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