Seeking Alpha

Sangamo BioSciences with $100M secondary

  • After a 72% run YTD, Sangamo BioSciences (SGMO) decides to raise some capital, offering $100M of new stock with an underwriter greenshoe for 15% of that amount.
  • Shares -2.2% AH
  • Press release
Comments (1)
  • MineMan
    , contributor
    Comments (321) | Send Message
     
    If nothing else a "buy rec" from JPM is in the future.
    And JPM would NOT sell shares to their preferreed clients if they thought the Price per share would not rise.
    SGMO/Ed Lanphier will use the funds wisely and in a way that is sure to add value to the share price.
    IMMEDIATELY.
    19 Mar 2014, 07:06 PM Reply Like
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