Seattle Genetics Prices ~11.707M Share Offering of Common Stock @$41.00/Share

Seattle Genetics, Inc. SGEN today announced the pricing of an underwritten public offering of 11,707,318 shares of its common stock at a price to the public of $41.00 per share. All of the shares are being sold by Seattle Genetics. The gross proceeds to Seattle Genetics from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $480 million. The offering was upsized by 20 percent from the originally anticipated gross offering amount of $400 million. The offering is expected to close on or about September 16, 2015, subject to customary closing conditions. In addition, Seattle Genetics has granted the underwriters of the offering a 30-day option to purchase up to an additional See full press release