March 18 CardioNet Inc on Tuesday cut its
initial public offering size to 3.4 million common shares and
lowered the estimated price range of the offering to $18 to $20
The provider of systems to monitor clinical information
about patients' health had earlier filed for an IPO of 6.6
million shares, with selling stockholders offering 3.6 million
shares, at an estimated price range of $22 to $24 a share.
In a regulatory filing, the San Diego, California-based
company said selling stockholders are now selling 400,000
shares, adding that its common stock has been approved for
listing on Nasdaq under the symbol "BEAT."
(Reporting by Ratul Ray Chaudhuri in Bangalore; Editing by