Allakos stock offering priced at $5.02/shr; to raise $150 mln

Allakos

19/09/2022 13:48

** Allakos Inc shares  ALLK.O  rise 10.5% to $5.1 premarket
    ** Co's 29.8 mln share offering priced at $5.02 apiece; to
raise about $150 mln
    ** Investors who have agreed to purchase shares in the
offering include Logos Capital, Alta Partners, Braidwell LP,
among others
    ** Jefferies is lead book-running manager of offering, which
is expected to close on Sept. 21
    ** Co currently has 58.84 mln shares outstanding and market
capitalization of 251.19 mln - Refinitiv IBES data
    ** Up to Friday's close, stock down ~53% YTD 

 (Reporting by Khushi Mandowara)
 ((Khushi.Mandowara@thomsonreuters.com;))