CRISPR Therapeutics Announces Pricing of Initial Public Offering

CRISPR Therapeutics AG, a biopharmaceutical company focused on translating CRISPR/Cas9 gene-editing technology into transformative medicines, today announced the pricing of its initial public offering of 4,000,000 common shares at a public offering price of $14.00 per share. In addition, CRISPR Therapeutics has granted the underwriters a 30-day option to purchase up to 600,000 additional common shares at the initial public offering price, less the underwriting discounts and commissions.

In addition to the shares sold in the public offering, CRISPR Therapeutics announced the concurrent sale of an additional 2,500,000 shares at the initial offering price of $14.00, for gross proceeds of $35.0 million, in a private placement to Bayer Global Investments B.V., an existing shareholder and an affiliate of Bayer HealthCare LLC, a joint venture partner with CRISPR Therapeutics.  The sale of these common shares will not be registered under the Securities Act of 1933, as amended, and will be subject to a 180-day lock-up agreement.