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ImmunoGen prices $325M offering

May 05, 2023 3:22 AM ETImmunoGen, Inc. (IMGN)By: Manshi Mamtora, CFA
  • ImmunoGen (NASDAQ:IMGN) prices underwritten public offering of 26M shares at a price of $12.50 per share, before underwriting discounts and commissions.
  • The offering is expected to close on or about May 9, 2023.
  • Underwriters have a 30-day option to purchase up to an additional 3.9M shares.
  • Total gross proceeds from the offering will be $325M.

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