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Ascendis Pharma slips after $300 mln share offering launch



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** U.S.-listed shares of Ascendis Pharma ASND.O down 4.3% at $142.50 in extended trading as co seeks equity raise

** Denmark-based biopharma announces $300 mln offering of American depositary shares (ADSs)

** JP Morgan, Morgan Stanley, Evercore and Goldman Sachs are jt bookrunners

** On Mon, ASND shares closed up ~17% at $139.57 after co said its achondroplasia therapy TransCon CNP met main goal in trial to treat dwarfism

** Shares finished 1.6% higher at $148.88 on Weds

** With ~58.2 mln shares outstanding, co has roughly $8.7 bln market value, per LSEG data

** U.S.-listed shares up ~18% YTD and up about 50% over the past 12 months


(Lance Tupper is a Reuters market analyst. The views expressed are his own)

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