Exelixis Inc (EXEL)

[elbiatcho1]

The as adjusted balance sheet data as of March 31, 2015, reflects receipt of the estimated net proceeds of $111.3 million from the sale of the common stock in this offering (assuming no exercise of the underwriter’s option to purchase additional shares) at an assumed public offering price of $5.88 per share, the closing price of our common stock on July 20, 2015, after deducting the estimated underwriting discount and estimated offering expenses payable by us as described under “Use of Proceeds.”

For more details on how you can obtain our SEC reports and other information, you should read the section of the accompanying prospectus entitled “Where You Can Find More Information.”

From the released prospectus they're expecting around $5.88/share but that can vary at the final calculation.

I'm not expecting a whole lot to happen since the pps is already hovering around that price. There might be people bailing because they don't want to wait for the next trial.