OraSure Technologies Announces Proposed Public Offering of Common Stock - OraSure Technologies (NASDAQ:OSUR)

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OraSure Technologies, Inc.(Nasdaq: OSUR) today announced it has commenced an underwritten public offeringof its common stock in an amount of up to $75.0 million. Citigroup andJefferies are acting as joint book-running managers. Canaccord Genuity,Stephens Inc., ThinkEquity LLC and JMP Securities are acting as co-managers.The Company expects to grant the underwriters a 30-day option to purchase upto an additional 15% of the shares of common stock offered in the publicoffering. The offering is subject to market conditions, and there can be noassurance as to whether or when the offering may be completed, or as to thefinal size or terms of the offering.

27% profit every 20 days?

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