Travere Therapeutics (TVTX) said late Thursday it priced an underwritten public offering of about 7.8 million shares of its common stock at $16 each for expected gross proceeds of $125 million.
The company granted the underwriters a 30-day option to buy up to an additional about 1.2 million shares. The offering is expected to close on Nov. 12.
Price: 17.25, Change: -0.41, Percent Change: -2.32
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.