Penumbra priced its initial public offering today, saying it plans to raise $120 million by floating 4 million shares at $30 apiece.
The company is also offering a 30-day underwriters option for an additional 600,000 shares. Penumbra shares are slated to trade on the New York Stock Exchange today under the “PEN” symbol.
When Alameda, Calif.-based Penumbra registered the IPO last month it estimated the offering could fetch as much as $115 million, but the company last week set the range at $95 million to $106.4 million, or $100.7 million at the midpoint.
Read More: http://www.massdevice.com/penumbra-prices-120-million-initial-public-offering/
Comments are closed.