Sonic Innovations
This article was originally published in The Gray Sheet
Executive Summary
Hearing aid maker's initial public offering proceeds reach $53.9 mil. following the exercise of a 540,000-share overallotment option by underwriters Goldman Sachs, Deutsche Banc Alex. Brown and U.S. Bancorp Piper Jaffray. Completed May 9, the Salt Lake City firm's IPO included a total of 4.1 mil. shares at $14 each, including the overallotment shares (1"The Gray Sheet" May 8, p. 10)