Annexon Inc. (ANNX) said that it has commenced an underwritten public offering of $125 million of shares of its common stock.
In addition, Annexon expects to grant the underwriters a 30-day option to purchase up to an additional $18.750 million of shares of its common stock.
J.P. Morgan, Jefferies, TD Cowen, BofA Securities and Wells Fargo Securities are acting as joint book-running managers for the proposed offering.
ANNX closed Tuesday's regular trading at $5.99 up $1.41 or 30.79%. But in the after-hours trading the stock dropped $0.31 or 5.18%.
For comments and feedback: editorial@rttnews.com