Tuesday, November 8, 2011

Dynavax raises $64M in stock sale, chairman buys 160,000 shares

Dynavax Technologies Corp. raised a net of $64.5 million in a stock sale in which its chairman, Arnold Oronsky, bought 160,000 shares.
Berkeley-based Dynavax (NASDAQ: DVAX) sold 27.6 million shares in the offering, including 3.6 million sold by the underwriters — Cowen and Co. and William Blair & Co. — to cover overallotments. They bought the shares from Dynavax at $2.35 each and sold them to the public at $2.50 each.

No comments:

Post a Comment