March 13 Salient Surgical Technologies Inc filed with U.S. regulators to raise up to $86.3 million in an initial public offering of common stock.
The maker of surgical products told the U.S. Securities and Exchange Commission in a preliminary prospectus that Bear Stearns & Co Inc, Piper Jaffray and Wachovia Securities were underwriting the IPO.
The filing did not reveal how many shares the company planned to sell or their expected price.
The Dover, New Hampshire-based company plans to list its common stock on Nasdaq under the symbol "SLNT." (Reporting by Esha Dey in Bangalore; Editing by Vinu Pilakkott)