Sutro Biopharma Inc. (STRO) Prices 6M Share Common Offering at $21/Sh

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Go back to Sutro Biopharma Inc. (STRO) Prices 6M Share Common Offering at $21/Sh

Sutro Biopharma Announces Pricing of $126.0 Million Public Offering

December 8, 2020 9:10 PM EST

SOUTH SAN FRANCISCO, Calif., Dec. 8, 2020 /PRNewswire/ -- Sutro Biopharma, Inc. (Nasdaq: STRO), a clinical-stage drug discovery, development and manufacturing company focused on the application of precise protein engineering and rational design to create next-generation cancer and autoimmune therapeutics, today announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock at a price to the public of $21.00 per share. The gross proceeds from this offering are expected to be $126.0 million, before deducting underwriting discounts and commissions and other offering expenses payable by Sutro. Sutro has... More