Moderna (MRNA) is Said to Offer Shares at $75 to $77.50 Each - Bloomberg

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Go back to Moderna (MRNA) is Said to Offer Shares at $75 to $77.50 Each - Bloomberg

Moderna Announces Proposed Public Offering of Shares of Common Stock

May 18, 2020 4:18 PM EDT

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Moderna, Inc. (Nasdaq: MRNA), a clinical stage biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, today announced that it has commenced an underwritten public offering of $1.25 billion in shares of common stock. In addition, Moderna expects to grant the underwriters a 30-day option to purchase up to an additional $187.5 million in shares of common stock in connection with the public offering. All shares of common stock will be offered by Moderna.

Moderna expects... More