Benzinga | Dec 4, 2020 05:35AM EST

Seer Priced 9.2M Share IPO @$19/Share

Seer, Inc.(NASDAQ:SEER), a life sciences company focused on enabling exceptional scientific outcomes through the power of unbiased, deep, rapid and scalable proteomics information, today announced the pricing of its initial public offering of 9,210,527 shares of Class A common stock at a public offering price of $19.00 per share. All of the shares of Class A common stock are being offered by Seer. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Seer, are expected to be $175 million, excluding any exercise of the underwriters' option to purchase additional shares. Seer's Class A common stock is expected to begin trading on the Nasdaq Global Select Market on December 4, 2020, under the ticker symbol "SEER." The offering is expected to close on December 8, 2020, subject to the satisfaction of customary closing conditions. In addition, Seer has granted the underwriters a 30-day option to purchase up to an additional 1,381,579 shares of Class A common stock at the initial public offering price, less the underwriting discounts and commissions.

J.P. Morgan, Morgan Stanley, BofA Securities and Cowen are acting as lead book-running managers for the offering.