NanoString Technologies (NSTG) Commences $150M Public Offering of Common Stock

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Go back to NanoString Technologies (NSTG) Commences $150M Public Offering of Common Stock

NanoString Technologies Announces Commencement of Public Offering of Common Stock

October 6, 2020 4:18 PM EDT

SEATTLE--(BUSINESS WIRE)-- NanoString Technologies, Inc. (NASDAQ: NSTG), a leading provider of life science tools for discovery and translational research, today announced that it intends to offer and sell, subject to market and other conditions, $150.0 million of shares of its common stock in an underwritten public offering pursuant to NanoStrings shelf registration statement. In connection with this offering, NanoString expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of its common stock. NanoString intends to use the net proceeds of the offering for working capital... More