AveXis (AVXS) to Offer 4M Shares of Common Stock

September 6, 2016 4:01 PM EDT
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AveXis, Inc. (NASDAQ: AVXS) today announced that it intends to offer and sell, subject to market conditions, 3,566,474 shares of its common stock in an underwritten public offering. Additionally, PBM Capital Investments, LLC, an existing stockholder of AveXis, intends to offer and sell 433,526 shares in the proposed offering. AveXis will not receive proceeds from the sale of the shares by the selling stockholder. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

Goldman, Sachs & Co. and Jefferies LLC are acting as joint book-running managers. BMO Capital Markets is acting as lead manager and Chardan is acting as co-manager of the offering. AveXis intends to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock at the public offering price, less the underwriting discounts and commissions.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.



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