logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018. Shares of BMW Group declined around 5 percent in German trading after the auto giant reported Wednesday weak profit in its fiscal year 2018, despite a 0.1 percent growth in Automotive revenues with higher deliveries. Looking ahead for fiscal 2019, the company expects Group profit before tax will be well below the previous year's level. BMW said it is confident of volume growth in Automotive unit.
Follow RTT