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SPi World News 01:55:40 GMT Friday 24th January 2020

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Latest News

Adaptive Announces Pricing of Public Offering of Common Stock

Adaptive Biotechnologies via Globe Newswire 01:53 GMT Friday 24th January 2020

SEATTLE, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Adaptive Biotechnologies Corporation (Nasdaq:ADPT), a commercial stage biotechnology company that aims to translate the genetics of the adaptive immune system into clinical products to diagnose and treat disease, announced today the pricing of its underwritten public offering of 8,000,000 shares of its common stock by certain selling shareholders at a public offering price of $26.50 per share, before underwriting discounts and commissions. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. Adaptive will not receive any proceeds from the sale of the shares of common stock by the selling shareholders. The offering is expected to close on January 28, 2020, subject to customary closing conditions.J.P. Morgan, Goldman Sachs & Co. LLC and BofA Securities are acting ...

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