Aegerion Pharma (AEGR) Hit Early, Prices 3.7M Offeering at 10.8% Discount
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Aegerion Pharmaceuticals (Nasdaq: AEGR) is getting hit pre-market following the announcement it priced a massive equity offering at a huge discount.
According to a recent release, Aegerion is looking to sell 3.4 million common shares at a price of $14.75 per share. The price is a 10.8 percent discount from Wednesday's closing price of $16.53.
Gross proceeds on the offering will be $54.58 million, about 15 percent of Aegerion's total market cap.
Shares are indicated 9.4 percent lower early.
According to a recent release, Aegerion is looking to sell 3.4 million common shares at a price of $14.75 per share. The price is a 10.8 percent discount from Wednesday's closing price of $16.53.
Gross proceeds on the offering will be $54.58 million, about 15 percent of Aegerion's total market cap.
Shares are indicated 9.4 percent lower early.
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