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2021-12-17 04:22
01:21 PM EST, 12/16/2021 (MT Newswires) -- Legend Biotech (LEGN) shares were up over 5% in Thursday afternoon trading after it priced its public offering of 7.5 million American depositary shares at $40 per ADS for gross proceeds of about $300 million.
Each ADS represents two ordinary shares. Underwriters have been granted a 30-day option to buy up to about 1.1 million additional ADSs. The offering is expected to close on Dec. 20.
Price: 43.38, Change: +2.24, Percent Change: +5.43