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Public offering nets $138mm for Veracyte

Executive Summary

Veracyte Inc. (genomic testing) netted $138mm through a public offering of 6.3mm common shares (including the overallotment) at $23.25. The company will use some of the proceeds to repay $12.4mm on an outstanding loan and will put the rest of the funds towards corporate needs, including potential strategic investments or acquisitions.
Deal Industry
  • In Vitro Diagnostics
    • Cytology
    • Molecular Diagnostics & Genetic Testing
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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