OraSure Technologies, Inc. (OSUR) said Tuesday that it has priced an underwritten offering of 6.1 million shares of its common stock at a price of $12.30 per share.
After the underwriting discount and estimated offering expenses, the company expects to receive net proceeds of about $70.2 million.
In addition, OraSure has granted the underwriters a 30-day option to purchase up to an additional 915,000 shares of its common stock.
The offering is expected to close on July 16.
Citigroup and Jefferies served as joint book-running managers and Canaccord Genuity, Stephens Inc., ThinkEquity LLC and JMP Securities served as co-managers for the offering.
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