Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 11-06-2020 | Practice Area: | Equity Capital Markets |
| Deal Title: | Follow-On Offering of Common Stock by OraSure | Industry: | Healthcare Equipment & Services |
| Description: |
Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Evercore Group L.L.C., in connection with a registered offering by OraSure Technologies, Inc. of 9,200,000 shares of OraSure's common stock (including 1,200,000 shares issued pursuant to the exercise of the underwriters' option to purchase additional shares) for net proceeds of approximately USD94.9 million. OraSure intended to use the net proceeds of the offering to expand its manufacturing capacity for both existing and in-development products for use in testing for COVID-19, to fund the development, commercialization and manufacturing costs related to its products and for general corporate purposes, including strategic acquisitions and investments.
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| Financial Center: | New York | Value: | 0.00-100.00 |
| Advised Party: | Underwriter | Law Firm | Simpson Thacher |
| Issuer Jurisdiction - | United States | Listing Jurisdiction - | United States |
| Classification: |
Secondary Offerings and Placings NYSE: |
Lawyer | Arthur D Robinson |
