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Invitae prices $50M public offering

Invitae Corp. priced an offering of 11,111,111 shares at $4.50 apiece, hoping to raise $50 million.

The San Francisco based biotechnology company expects the offering to close by April 2.

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

The underwriters can buy up to an additional 1,666,666 shares.