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BeiGene prices equity offering

Nov. 18, 2016 8:17 AM ETBeiGene, Ltd. (BGNE) StockBy: Douglas W. House, SA News Editor
  • BeiGene (NASDAQ:BGNE) prices its public offering of 6.25M American Depositary Shares (ADSs) at $32. Each ADS represents 13 ordinary shares.
  • Selling shareholders are offering 468,750 ADSs. Underwriters over-allotment is an additional 937.5K ADSs. Closing date is November 23.
  • Net proceeds will fund working capital and general corporate purposes.
  • Yesterday's close was $32.70.

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