Ideaya Biosciences Closes $345 Million Public Offering

MT Newswires Live06-11

Ideaya Biosciences (IDYA) said late Thursday it closed its underwritten public offering, raising about $345 million in gross proceeds before underwriting discounts, commissions and other offering expenses.

The offering included 7.22 million shares of common stock priced at $27 per share and pre-funded warrants to purchase 5.56 million shares of common stock priced at $26.9999 per warrant.

The total also reflects the underwriters' full exercise of an option to purchase an additional 1.67 million shares of common stock.

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