Financings in Brief: ThermoLase
This article was originally published in The Gray Sheet
Executive Summary
ThermoLase: Announces Aug. 18 that it has commenced a public offering of 2.3 mil. common shares of its stock, to be sold for $25.25 each. The San Diego-based firm's offering is being managed by NatWest Securities Limited, Lehman Brothers, and Oppenheimer & Co. ThermoLase, which received clearance earlier this year for its laser-based hair removal system, says that proceeds from the offering will be used for further commercialization of the system. The company is preparing to open a hair removal center in La Jolla, California toward the end of this year. Underwriters have a 30-day over-allotment option to purchase 337,500 shares, ThermoLase says...