trending Market Intelligence /marketintelligence/en/news-insights/trending/n-7jmnb80e1cisiypodupg2 content esgSubNav
In This List

Pacific Biosciences plans common stock offering

Blog

Baird Research is Now Exclusively Available in S&P Global’s Aftermarket Research Collection

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Pacific Biosciences plans common stock offering

Pacific Biosciences of California Inc. is planning a public offering of its common shares.

The Menlo Park, Calif.-based company intends to grant the underwriters an option to buy up to an additional 15% of the shares sold in the offering.

Pacific Biosciences intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures and working capital. It may also use part of the proceeds to acquire or invest in complementary businesses and technologies.

Cowen and Co. LLC and Cantor Fitzgerald & Co. are acting as the joint book-running managers for the offering.

Pacific Biosciences is a life sciences company that develops sequencing systems to help scientists resolve genetically complex problems.