Deal sells common shares at $13.50 each with $12.15 million greenshoe
By Devika Patel
Knoxville, Tenn., June 28 - Tesaro, Inc. priced its $81 million initial public offering of stock with a $12.15 million greenshoe in a free-writing prospectus filed Thursday with the Securities and Exchange Commission. The offering was negotiated on June 27.
The company will sell 6 million common shares at $13.50 per share.
Settlement is expected July 3.
Tesaro is an oncology-focused biopharmaceutical company based in Waltham, Mass.
| Issuer: | Tesaro, Inc.
|
| Issue: | Common stock
|
| Amount: | $81 million
|
| Greenshoe: | $12.15 million
|
| Shares: | 6 million
|
| Price: | $13.50
|
| Warrants: | No
|
| Pricing date: | June 27
|
| Settlement date: | July 3
|
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