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Jan. 8, 2021, 9:16 a.m. EST

Bionano Genomics prices offering of 29 million shares at discount of $3.05 a share

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By Ciara Linnane

Bionano Genomics Inc. /zigman2/quotes/208673493/composite BNGO -7.36% said Friday it has priced an underwritten public offering of 29 million shares at $3.05 a share. The stock closed Thursday at $5.00. The genome analysis company has granted the underwriters -- Oppenheimer & Co., which is sole bookrunner, while BTIG acted as lead manager and Ladenburg Thalman and Maxim Group acted as co-managers -- a 30-day option to acquire an additional 4.3 million shares at the offering price. The stock, which has been volatile in recent sessions, slid 18% premarket, but is up more than 300% in the last 12 months, while the SPDR S&P Biotech ETF /zigman2/quotes/205950134/composite XBI -1.45% has gained 58% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.36% has gained 17.5%.

/zigman2/quotes/208673493/composite
US : U.S.: Nasdaq
$ 5.66
-0.45 -7.36%
Volume: 23.22M
April 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.70 billion
Rev. per Employee
$57,843
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/zigman2/quotes/205950134/composite
US : U.S.: NYSE Arca
$ 131.55
-1.93 -1.45%
Volume: 7.10M
April 16, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,185.47
+15.05 +0.36%
Volume: 2.21B
April 16, 2021 5:15p
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