AVI BioPharma Tumbles After Pricing IPO (AVII)

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Shares of AVI BioPharma (NASDAQ:AVII) were trading down nearly 18% Friday after the company prices a 20 million share public offering at $1.50 per share.That share-offering price is nearly 20% lower than the stock's close yesterday of $1.86 per share.The public offering is expected to close on or about next Thursday, April 6th.

Credit: Financial News Network

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