Bluebird hopes to raise upwards of $100M by selling shares
Bluebird bio is looking for cash.
Wednesday morning, the gene therapy biotech announced that it was looking to sell 20 million shares of its stock $BLUE, which at Tuesday’s closing price of $7.28, would translate to roughly $145 million. In addition, as part of the offering, underwriters — including Goldman Sachs and JP Morgan — can buy an additional 3 million shares of stock, which would be around another $20 million.
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