Piper Jaffray, Stifel are the bookrunners; Leerink Partners assists
By Devika Patel
Knoxville, Tenn., Sept. 18 – Sientra, Inc. said it priced a $66 million public sale of stock with a $9.9 million greenshoe. The deal was announced Sept. 3.
The company will sell 3 million common shares at $22.00 per share. The price per share is a 5.17% discount to the Sept. 17 closing share price of $23.20.
Piper Jaffray and Stifel are the bookrunning managers.
Proceeds will be used for acquisitions, investments, working capital and other general corporate purposes.
The medical aesthetics company is based in Santa Barbara, Calif.
Issuer: | Sientra, Inc.
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Issue: | Common stock
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Amount: | $66 million
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Greenshoe: | $9.9 million, or 450,000 shares
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Shares: | 3 million
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Price: | $22.00
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Warrants: | No
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Bookrunners: | Piper Jaffray and Stifel
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Co-managers: | Leerink Partners and William Blair
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Announcement date: | Sept. 3
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Pricing date: | Sept. 18
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Stock symbol: | Nasdaq: SIEN
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Stock price: | $23.20 at close Sept. 17
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Market capitalization: | $304.83 million
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