Natera (NTRA) Stock Increases Over 8%: Details

By Amit Chowdhry ● Nov 16, 2022
  • The stock price of Natera (NTRA) increased by over 8% intraday today. This is why.

The stock price of Natera (NTRA) increased by over 8% intraday today.

Why: Natera announced the pricing of its underwritten public offering of 11.43 million shares of its common stock at a price to the public of $35 per share. And the closing of the offering is expected to occur on November 18, 2022, subject to customary closing conditions. Plus Natera has granted the underwriters a 30-day option to purchase up to an additional 1,714,500 shares of its common stock at the public offering price less the underwriting discounts and commissions.

Managers: Morgan Stanley, Cowen, and SVB Securities are acting as joint book-running managers for the offering. And Baird is acting as lead manager for the offering.

BTIG, Canaccord Genuity, Craig-Hallum, and Stephens are acting as co-managers for the offering.