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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Feb. 27, 8:05 AM

Slide #5. Lion Biotechnologies, Inc. Secondary Offering

Company: Lion Biotechnologies, Inc. (NASDAQ:LBIO)
Date announced: 2/26/2015
Shares Offered: 8,000,000
Date of Pricing: 2/26/2015
Price Per Share: $8.00
Secondary Offering Details: Lion Biotechnologies, Inc. (Nasdaq:LBIO), a biotechnology company that is developing novel cancer immunotherapies based on tumor infiltrating lymphocytes (TIL), today announced the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a public offering price of $8.00 per share. The gross proceeds from this offering to Lion are expected to be $64.0 million, before deducting underwriting discounts and commissions and offering expenses payable by Lion. All of the shares in the offering are being sold by Lion. Lion has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price. The offering is expected to close on or about March 3, 2015, subject to satisfaction of customary closing conditions.

  Lion Biotechnologies, Inc. : trading symbol LBIO
 

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February 27, 2015    8:05 AM Eastern
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