TESARO Commences Public Offering Worth $300 Million

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TESARO, Inc. TSRO revealed it started an underwritten public offering of $300 million of its common stock. According to the company, it intends to grant the underwriters an option to acquire a maximum of $45 million of its common stock.

TESARO said the acting book-runners to the issue were Citigroup, Leerink Partners, Credit Suisse and Wells Fargo Securities while Mizuho, Raymond James, SunTrust Robinson Humphrey and Wedbush PacGrow are acting as co-managers for the offering.

The company said the public issue is subject to market conditions and that there could be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Shares advanced 5.04 percent on Thursday.

Posted In: NewsOfferings
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