Alpine Immune Sciences Shares Rise 11% After Pricing Public Offering Of 8.8 Mln Shares

Shares of Alpine Immune Sciences, Inc. (ALPN) are falling more than 11% Tuesday morning after the clinical-stage immunotherapy company priced its public offering of 8.8 million shares, and pre-funded warrants to purchase up to 3.2 million shares.

The shares are being offered at $12.50 per share and the pre-funded warrants at $12.499 per pre-funded warrant.

The gross proceeds from the offering, which is expected to close by November 9, are estimated to be about $150 million.

ALPN, currently at $12.54, has traded in the range of $5.36 – $16.26 in the last 1 year.

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