Seeking Alpha

Endocyte -2.4% AH after pricing 4.5M-share offering at $21

  • Endocyte's (ECYT) offering price is 9% below today's closing price of $23.07. The drug developer stands to reap gross proceeds of $94.5M, assuming the 675K-share overallotment option isn't exercised.
  • Shares had already fallen 15% over the last two trading days, following Endocyte's original offering announcement.
Comments (2)
  • ECapo
    , contributor
    Comments (646) | Send Message
     
    Amazing, so high up on such news and here we go down as several analyst upgrades to 40.00? I guess we need the analyst to downgrade?
    27 Mar 2014, 07:04 PM Reply Like
  • Stealthe
    , contributor
    Comments (71) | Send Message
     
    Seriously... Out with one drug and that give you permission to print out shares.
    27 Mar 2014, 08:51 PM Reply Like
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