Axovant Gene Therapies Ltd (AXGT)

[MinnieM]

Agreed... with an offering price of $18.54, I'm surprised the stock has gone up today.





In Reply to 'sokol'
AXON - strange I think. The stock is trading up pre-market at about $19.46, but the morning news for the AXON is: BASEL, Switzerland, April 11, 2017 /PRNewswire/ -- Axovant Sciences Ltd. (NYSE: AXON) ("Axovant"), a leading clinical-stage biopharmaceutical company focused on the treatment of dementia, today announced the pricing of its underwritten public offering of 6,742,179 of its common shares at a price to the public of $18.54 per share. Gross proceeds to Axovant from the offering are expected to be approximately $125.0 million, before deducting underwriting discounts and commissions and estimated offering expenses. All of the common shares are being offered by Axovant. In connection with this offering, Axovant has granted the underwriters a 30-day option to purchase up to an additional 1,011,326 of its common shares on the same terms and conditions. The offering is expected to close on April 17, 2017, subject to customary closing conditions.