Medidata IPO prices for $14/share, above range- source
NEW YORK, June 24 |
NEW YORK, June 24 (Reuters) - Medidata Solutions Inc (MDSO.O) shares in its initial public offering priced for $14, above its original estimate range, a source with direct knowledge of the deal said on Wednesday.
Medidata sold 6.3 million shares, raising $88.2 million, the source said.
In a regulatory filing, Medidata had said it expected shares to price between $11 and $13.
The IPOs' underwriters, led by Citigroup Inc (C.N) and Credit Suisse (CSGN.VX), have the option to buy up to another 945,000 shares to cover over-allotments.
(Reporting by Phil Wahba; Editing Bernard Orr)
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