Natera prices $400M follow-on offering of 11.43M shares at $35/share

Natera, Inc.

Priced 11,430,000 shares at $35.00 per share, with underwriters' option for 1,714,500 additional shares.
Expected net proceeds of ~$376.6M ($433.2M if full option exercised).
Offering expected to close November 18, 2022, subject to customary conditions.
Joint book-runners: Morgan Stanley, Cowen, SVB Securities; co-manager Baird.
Proceeds intended for general corporate purposes; no specific use disclosed.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Natera, Inc. entered into Underwriting Agreement with Morgan Stanley & Co. LLC, Cowen and Company, LLC, and SVB Securities LLC, as representatives valued at approximately $376.6 million (effective 2022-11-15).

Action: entry
Agreement: underwriting
Counterparty: Morgan Stanley & Co. LLC, Cowen and Company, LLC, and SVB Securities LLC, as representatives
Value: approximately $376.6 million
Effective: 2022-11-15

Exact text from the filing

On November 15, 2022, Natera, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, Cowen and Company, LLC, and SVB Securities LLC, as representatives (the “Representatives”) of the several underwriters named in Schedule I thereto (the “Underwriters”), in connection with the offer and sale by the Company of 11,430,000 shares of common stock of the Company, par value $0.0001 per share, at a price to the public of $35.00 per share.

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Natera, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-119581

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