SI-BONE, Inc. (NASDAQ: SIBN) announced the pricing of its public offering of 4,300,000 shares of its common stock at a price to the public of$21.50per share. Of the shares of common stock being offered, 1,809,947 shares are being offered by selling stockholders and 2,490,053 shares are being offered by SI-BONE. Gross proceeds to SI-BONE from the offering are expected to be $53.5 million, before deducting underwriting discounts and commissions and estimated offering expenses. The offering is scheduled to close on January 27, 2020, subject to the satisfaction of customary closing conditions. In addition, SI-BONE has granted the underwriters a 30-day option to purchase up to an additional 645,000 shares of common stock on the same terms and conditions.
Morgan Stanley and BofA Securities are acting as joint book-running managers. Canaccord Genuity LLC and JMP Securities LLC are acting as co-managers.