Omeros (OMER) Slammed After Pricing Offering Well Below Market Value

June 27, 2012 9:36 AM EDT
Omeros Corp. (Nasdaq: OMER) slammed at the open following pricing of its common stock offering.

According to an earlier release, the company priced a nearly 3 million common stock offering at $10.25 per share. Pricing was 23 percent below Tuesday's closing at $13.25.

Shares are down about 17 percent early.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Equity Offerings, Insiders' Blog, Momentum Movers

Add Your Comment