CryoPort Inc (CYRX)

[hyperopia]

Yes a very high price was paid for less than $4M in revenues, but at least Cryogene was profitable, which is more than Cryoport can say. Nearly $11M in goodwill though? Ouch! It’s not like there was a bidding war. Unless they really needed the storage for some upcoming pending commercial approvals?

I also don’t recall an offering being priced so quickly after the initial announcement - literally a few hours. It’s clear they were concerned about a sell-off due to speculation of the pricing. Not so sure the “market is absorbing it pretty well” as you say. It looks like it may be supported right now. Will see how long it lasts.