Brisbane, CA July 17, 2014 CareDx, Inc. (NASDAQ: CDNA) announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a price to the public of $10 per share, before underwriter discounts. In addition, CareDx has granted the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock at the initial public offering price to cover over-allotments, if any. CareDx completed its first day of trading today on The NASDAQ Global Market under the ticker symbol "CDNA."
The offering is expected to close on July 22, 2014, subject to customary closing conditions.
Piper Jaffray & Co. and Leerink Partners LLC are serving as joint book-running managers for the offering. Raymond James & Associates, Inc. and Mizuho Securities USA Inc. are serving as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on July 16, 2014. The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, Suite 1000, Minneapolis, MN 55402, or by telephone at (800) 747-3924, or by email at prospectus@pjc.com or from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, via email at syndicate@leerink.com, or by phone at (800) 808-7525.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Investor Relations contacts:
Mark Klausner
Managing Partner
Westwicke Partners, LLC
mark.klausner@westwicke.com
(443) 213-0501 office
(410) 627-2087 mobile
Leigh Salvo
Principal
Westwicke Partners, LLC
leigh.salvo@westwicke.com
(415) 513-1281 office
(510) 692-5238 mobile