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Reiterated Economic Calendar Economic Scorecard Cryptocurrency Market News Morning Mkt Analysis US Commentary European Commentary Asian Commentary Canadian Commentary Indian Commentary Commodities White House General News FX Top Stories Currency Analysis Currency Alerts Economic Calendar Economic Scorecard Health News Coronavirus COVID-19 Calendar Diet & Fitness Kids Health Men's Health Women's Health Cancer News Drug Development Mental Health Slide Shows Entertainment Entertainment News Top Stories Classic Rock Rap/Hip-Hop Alternative Content Licensing Newswires & Feeds Content Syndication Digital Signage Services Radio News Services Intelligent Investor Biotech Investor Latest News Videos Free Content Press Releases Biotech Daily Dose Legend Biotech Prices $226 Million Public Offering; Stock Down By TajSabreen Ahamed ✉ | Published: 6/18/2026 12:08 AM ET Addas your preferred news source on Google Legend Biotech Corporation (LEGN) has priced an underwritten public offering of 7.7 million American Depositary Shares (ADSs) at $29.35 per ADS, raising approximately $226 million in gross proceeds before underwriting discounts and expenses.
Each ADS represents two ordinary shares of the company.
The underwriters have been granted a 30-day option to purchase up to an additional 1.155 million ADSs at the offering price, excluding fees and commissions.
All ADSs in the offering are being sold by Legend Biotech.
The company said the offering is expected to close on June 23, 2026, subject to customary closing conditions.
Morgan Stanley, Jefferies, Citigroup, and Deutsche Bank Securities are acting as joint book-running managers for the transaction.
Legend Biotech is conducting the offering under an effective shelf registration statement previously filed with the U.S.
Securities and Exchange Commission.
A final prospectus supplement will be filed and made available on the SEC's website once issued.
LEGN has traded between $16.24 and $45.30 over the past year.
The stock closed Wednesday's trading at $33.52, up 0.42%.
During overnight trading session, the stock is at $31.70, down 5.43%.
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