Replimune Shares Rise After Pricing of Offering

Dow Jones

08/11

Shares of Replimune Group rose after the biotechnology company said its underwritten offering of 9.7 million shares was priced at $12.06 a share.

The stock was up 15% to $13.81 in recent trading, and has risen 42% since the start of the year.

Proceeds from the offering are expected to be approximately $150 million.

The offering is expected to close Aug. 11.

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