BridgeBio Pharma (BBIO) shares were falling past 5% in recent Thursday trading after KKR Genetic Disorder disclosed the sale of 6 million BridgeBio shares in a regulatory filing.
KKR Genetic Disorder said in the filing that before BridgeBio's initial public offering, it bought about 167.7 million preferred units of BridgeBio for roughly $170.6 million in a series of financing deals.
The preferred units held by KKR Genetic Disorder were converted into about 34.3 million shares of BridgeBio, KKR Genetic Disorder said.
Price: 33.12, Change: -1.86, Percent Change: -5.30
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