Benzinga | Jun 30, 2021 07:11AM EDT

Intellia Therapeutics Stock Moves Higher After Capital Raise Of $600M Issued At $145/Share

* Intellia Therapeutics Inc (NASDAQ:NTLA) has priced a previously announced public offering at $145 per share, representing a discount of 4.4% from the last close price of $151.6 on Tuesday.

* The company is offering around 4.1 million shares, and underwriters can purchase up to an additional 620,689 shares.

* Gross proceeds will be approximately $600 million.

* Goldman Sachs & Co. LLC, Jefferies, SVB Leerink, and Barclays are the joint book-running managers for the offering.

* Truist Securities is acting as co-manager for the offering.

* The offering will close by July 2.

* Price Action: NTLA shares are up 1.71% at $154.20 during the premarket session on the last check Wednesday.