Guardant Health (GH) announced the commencement of an underwritten public offering of $250M of shares of Guardant Health’s common stock. Guardant Health intends to use the net proceeds from the common stock offering for general corporate purposes, which may include, depending on market conditions, repurchasing a portion of Guardant Health’s 0% convertible senior notes due 2027. General corporate purposes may also include the acquisition of complementary products, technologies, intellectual property or businesses; however, Guardant Health currently does not have any agreements or commitments to complete any such transactions. Goldman Sachs & Co., Jefferies, Leerink Partners and Guggenheim Securities are acting as joint book-running managers for the common stock offering.
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