OUSTER INCORPORATED (OUST)

Ouster sells 3.62M common shares at $55.22 each in an underwritten offering, raising about $191.9M in net proceeds under its existing Form S-3 shelf.

Ouster priced an underwritten public offering of 3.62 million shares of its common stock at $55.22 per share, raising around $200 million in gross proceeds.

Public offering priced below market valueShares of Ouster, Inc. (NASDAQ:OUST) fell 7% on Thursday after the lidar technology company priced a public offering of common stock at a discount to its previous closing price.

That said, the stock price has run well ahead of the business itself. Investors are now paying a steep premium relative to Ouster's sales. This is the kind of pricing that assumes a lot of future growth actually shows up. Company insiders have also sold tens of millions of dollars' worth of shares o…

Ouster (OUST) is offering 3,621,876 shares at $55.22 per share, estimating net proceeds of ~$191.5M and a 30-day option for 543,281 additional shares.