NanoString Technologies (NSTG) Prices 5M Share Common Offering at $40/Sh

NanoString Technologies, Inc. (NASDAQ: NSTG), a leading provider of life science tools for discovery and translational research, today announced the pricing of an upsized underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $40.00 per share pursuant to its existing shelf registration statement, for gross proceeds of $200.0 million. The size of the offering was increased from the previously announced $150.0 million of shares of common stock offered. NanoString has granted to the underwriters of the offering a 30-day option to purchase up to an additional 750,000 shares of common stock at the public offering price. NanoString intends to use the net proceeds of the offering for working capital and general corporate purposes. The offering is expected to close on or about October 13, 2020, subject to customary closing conditions.

J.P. Morgan, UBS Investment Bank and Cowen are acting as joint book-running managers for the offering. Baird is acting as lead manager for the offering.

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