Published on October 1, 2009 at 2:56 AM
Incyte Corporation (Nasdaq:INCY) today announced the closing of its public offering of 20,700,000 shares of its common stock at a price to the public of $6.75 per share, which includes 2,700,000 shares sold upon exercise by the underwriters of their option to purchase additional shares. The net proceeds to Incyte from the offering are approximately $132.0 million, after deducting the underwriting discount and estimated offering expenses.
The Company intends to use the net proceeds of this offering for general corporate purposes, including research and development activities.
Goldman, Sachs & Co. acted as sole book-running manager of this offering. Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc. acted as co-managers.
The shares were issued pursuant to an effective shelf registration statement. Printed copies of the prospectus supplement and prospectus relating to the offering may be obtained from Goldman, Sachs & Co. (Attn: Prospectus Department, 85 Broad Street, New York, New York 10004, Telephone: 1-866-471-2526, Fax: 212-902-9316 or Email at prospectus-ny@ny.email.gs.com).
http://www.incyte.com/