EDAP drops on pricing $20 mln share offering

Edap Tms SA

23/09/2022 13:19

** U.S.-listed shares of EDAP TMS S.A  EDAP.O  drop
~15%premarket after French medical device co's follow-on prices
    ** Co, which makes ultrasound devices to treat prostate
cancer, late Thurs sold ~2.7 mln ADSs at $7.50  urn:newsml:reuters.com:*:nGNX3QZkyw
    ** Offering price is 12.5% discount to stock's last close
    ** Jefferies sole bookrunner
    ** Co has ~33.47 mln shares outstanding for $287 mln market
cap
    ** EDAP up 43% YTD, including 26% gain since this quarter
 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))