Financings in Brief: Ventana Medical Systems
This article was originally published in The Gray Sheet
Executive Summary
Ventana Medical Systems: Nets $17.6 mil. from recently completed initial public offering of 2.1 mil. shares of common stock at $10 each. The offering includes 1.9 mil. shares sold by the company and 159,093 shares offered by selling stockholders. Ventana had anticipated an offering of 3 mil. shares for $14-16 each ("The Gray Sheet" June 24, p. 13) but scaled back the offering "due primarily to changes in the market conditions," the firm states. An underwriters over-allotment option for 307,500 additional shares is still outstanding...