December 15, 2015
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Spark Therapeutics announces public stock offering
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Spark Therapeutics announced the launch of an unwritten public offering of 3 million shares of its common stock, according to a press release.
Spark will offer 2 million shares and The Children’s Hospital of Philadelphia (CHOP) Foundation will offer 1 million shares in this public offering.
The two organizations are expected to grant underwriters of the offering 30 days to purchase up to an additional 450,000 shares at the public offering price.
Proceeds from the sale of shares by CHOP will not go to Spark, the release said.