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1Life Healthcare (One Medical) Prices Upsized 8.3M Share Secondary Offering @$31/Share

1Life Healthcare, Inc. (One Medical) (NASDAQ: ONEM) announced the pricing of an upsized underwritten public offering of 8,300,000 shares of its common stock by certain selling stockholders at a public offering price of $31.00 per share.

Benzinga · -
1Life Healthcare, Inc. (One Medical) (NASDAQ: ONEM) announced the pricing of an upsized underwritten public offering of 8,300,000 shares of its common stock by certain selling stockholders at a public offering price of $31.00 per share. Such selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,245,000 shares of One Medical's common stock. One Medical will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. The offering is expected to close on June 29, 2020, subject to customary closing conditions. J.P. Morgan and Morgan Stanley are acting as lead book-running managers for the proposed offering of common stock. Allen & Company LLC, Credit Suisse, Deutsche Bank Securities, Piper Sandler, Wells Fargo Securities, and William Blair are acting as additional book running managers, and Baird and SunTrust Robinson Humphrey are acting as co-managers, for the proposed offering.