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Invitae commences $50M common stock offering

Invitae Corp. started an underwritten public offering of $50.0 million of its common stock.

The San Francisco-based genetic information company plans to grant the underwriters an option to buy up to an additional $7.5 million of common stock.

J.P. Morgan Securities LLC and Cowen and Co. LLC are acting as the joint book-running managers, while William Blair & Co. LLC is acting as the lead manager for the offering.