Seeking Alpha

Compugen -20.5% after pricing 6M-share offering at 26% discount

  • Compugen (CGEN -20.5%) plunges after pricing its public offering of 6M shares at $10.50/share, a discount of 26% to yesterday's $14.20 closing price.
  • Compugen shares ended last week at $11.60 but surged this week to challenge decade highs; the Israel-based biotech will raise nearly $60M in the offering, but at a punishing price to y new shareholders who bought into this week’s strength.
Comments (1)
  • ypadan
    , contributor
    Comment (1) | Send Message
    To early
    1 Mar, 05:17 AM Reply Like
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