InterMune set to price secondary offering


InterMune (ITMN) to offer 7.5M shares of common stock for public sale plus an optional 1.125M shares for underwriters.

The company will use the net proceeds to fund Esbriet (pirfenidone) commercialization activities including the product's eventual launch in the US, R&D projects and for general corporate purposes.

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Comments (7)
  • chicagomary
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    do we know what price will be?
    12 Mar 2014, 05:08 PM Reply Like
  • atosh12
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    most likely between $26-30 range
    12 Mar 2014, 09:52 PM Reply Like
  • asegpi
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    usually they take the closing of the last day...
    13 Mar 2014, 08:30 AM Reply Like
  • chicagomary
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    that would seem too high,IMO
    13 Mar 2014, 08:39 AM Reply Like
  • jondoe31
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    so how does something like this typically affect the current stock price?
    14 Mar 2014, 04:02 AM Reply Like
  • jondoe31
    , contributor
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    so how does something like this effect the current stock price in general?
    14 Mar 2014, 04:02 AM Reply Like
  • chicagomary
    , contributor
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    I happened to be watching after hours when the notice first showed up;I bought small amount then;sold it the next am for about 4% profit. I am holding other shares. That only works when you are really sure you would want to hold for a while. Might be catching the falling knife!
    14 Mar 2014, 08:39 AM Reply Like
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