Schrodinger Inc. (SDGR) Prices 5M Share Common Offering at $66/Sh
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Schrödinger Announces Pricing of Public Offering
August 12, 2020 10:00 PM EDTNEW YORK--(BUSINESS WIRE)-- Schrödinger, Inc. (the Company) (Nasdaq: SDGR), whose differentiated, physics-based software platform enables discovery of high-quality, novel molecules for drug development and materials applications, today announced the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $66.00 per share. The offering consists of 4,500,000 shares being sold by the Company and 500,000 shares being sold by a selling stockholder, resulting in aggregate gross proceeds of $297.0 million to the Company and $33.0 million to the selling stockholder. The offering is expected to close on or about August 17,... More
