Biodesix (BDSX) IPO Opens 25% Lower

Today's IPO for Biodesix, Inc. (NASDAQ: BDSX) opened for trading at $13.59 after pricing 4,000,000 shares of its common stock at a public offering price of $18.00 per share.

In addition, Biodesix has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley and William Blair are acting as lead book-running managers for the offering. Canaccord Genuity is acting as lead manager and BTIG is acting as co-manager for the proposed offering.

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