Guardant Health proposes $250M stock offering, shares fall
Guardant Health (NASDAQ:GH) said Monday it intends to offer $250 million of its common stock in an underwritten public offering.
Shares -7.5% at 28.50 after hours.
The company said it intends to grant the underwriters a 30-day option to purchase up to $37.5 million of its common stock.
All of the shares of common stock in the offering will be sold by the company.
Pricing and details of the number of shares to be offered were not disclosed.
J.P. Morgan, Goldman Sachs & Co. LLC, TD Cowen, and SVB Securities are acting as joint book-running managers for the proposed offering.