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LDR announces follow-on offering pricing
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LDR Holding Corporation, a global spinal surgical device company, announced in a press release the pricing of a follow-on offering of more than 3.9 million shares of its common stock at a per share price of $24.50, before underwriting discounts.
LDR is selling 1.3 million shares of its stock in the offering. Certain shareholders are also selling more than 2.6 million shares of common stock, according to the release. The company does not receive any proceeds from the shareholders sale of the stock.
The company granted the underwriters a 30-day option to purchase up to 195,000 additional shares of common stock and the selling stockholders granted underwriters a 30-day option to purchase up to 400,813 additional shares of common stock, as noted in the press release.
LDR filed for the follow-on offering in April.