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Foundation Medicine Inc Prices Initial Public Offering of Common Stock


Tuesday, 24 Sep 2013 05:50pm EDT 

Foundation Medicine Inc announced the pricing of its initial public offering of 5,888,888 shares of common stock at a price of $18.00 per share, before underwriting discounts. All of the common stock is being offered by Foundation Medicine. In addition, the underwriters have a 30-day option to purchase up to an additional 883,333 shares of common stock from Foundation Medicine at the public offering price, before underwriting discounts. The Company`s shares are expected to begin trading on The NASDAQ Global Select Market on September 25, 2013 under the trading symbol FMI. Goldman, Sachs & Co. and J.P. Morgan Securities, LLC acted as joint book-running managers of the offering. Leerink Swann LLC and Sanford C. Bernstein & Co., LLC acted as co-managers. 

Company Quote

47.04
-0.22 -0.47%
27 Jan 2015