OPKO Health Inc OPK:NASDAQ

Last Price$1.61NASDAQ Previous Close - Last Trade as of 4:00PM ET 12/06/19
NASDAQ 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$1.60 (1,032)
Ask (Size)$1.67 (20)
Day Low / HighN/A - N/A
Volume3.1 M

Opko Health Prices Public Share Offering at 8.7% Discount; Sheds 4% Pre-Bell

7:33AM ET 10/25/2019 MT Newswires
Opko Health (OPK), a developer of pharmaceutical and diagnostic products, said late Thursday that it has priced a public offering of 50 million common shares at $1.50 each, for gross proceeds of $75 million.

The offering price represents an 21% discount to the stock's closing price on Thursday.

The company said it plans to use the net proceeds for the development of its product portfolio, for working capital, and for other general corporate purposes.

The company granted underwriters a 30-day option to buy up to an additional 7.5 million shares to cover over-allotment, if any.

OPK shares fell 4.3% Friday pre-market hours.

Price: 1.5800, Change: -0.05, Percent Change: -3.07