Seeking Alpha

Exact prices its secondary offering

  • Exact Sciences (EXAS +5.5%) offers 10M shares of common stock at $12.75/share to the public. ~$119.7M net proceeds will fund regulatory approval and commercial activities for Cologuard, other product development efforts and general corporate uses.
  • Underwriters over-allotment is 1.5M shares.
  • Closing date is April 9.
  • 221 mutual funds have positions, up from 219 last year.
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