Allakos surges 31% after pricing offering at premium

Allakos

19/09/2022 15:28

(Updates)
    ** Allakos Inc's shares  ALLK.O  rise 31% to $6 - their
biggest one-day pct rise in about 3 years, if gains hold
    ** 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 the lead book-running manager of the
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
    ** Including session's gains, stock is down ~38% YTD 

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