Bionano Genomics prices offering of 29 million shares at discount of $3.05 a share

Bionano Genomics Inc.
BNGO,
-6.00%
said Friday it has priced an underwritten public offering of 29 million shares at $3.05 a share. The stock closed Thursday at $5.00. The genome analysis company has granted the underwriters — Oppenheimer & Co., which is sole bookrunner, while BTIG acted as lead manager and Ladenburg Thalman and Maxim Group acted as co-managers — a 30-day option to acquire an additional 4.3 million shares at the offering price. The stock, which has been volatile in recent sessions, slid 18% premarket, but is up more than 300% in the last 12 months, while the SPDR S&P Biotech ETF
XBI,
+0.22%
has gained 58% and the S&P 500
SPX,
+0.55%
has gained 17.5%.