Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Volcano Corp. > News item |
Volcano plans 3.5 million share follow-on offering; stockholders selling 4 million
By Jennifer Chiou
New York, Nov. 13 - Volcano Corp. is offering 3.5 million shares in a follow-on issue of stock while selling shareholders are offering 4 million shares, according to an S-1 registration with the Securities and Exchange Commission.
The company priced a $54.4 million initial public offering on June 14.
JPMorgan is bookrunner of the upcoming sale with Piper Jaffray as joint lead manager. Bear, Stearns & Co. Inc. and Cowen & Co. are also in the syndicate. Underwriters will have a 1.125 million greenshoe.
Proceeds from the shares to be sold by the company will be used to expand sales and marketing initiatives to support the ongoing commercialization of Volcano's products, to fund research and development and for general corporate purposes.
The Rancho Cordova, Calif.-based company develops, manufactures and sells intravascular ultrasound and functional measurement products for vascular and structural heart disease.
The company noted that its largest international market is in Japan.
Volcano said it has registered trademarks for Eagle Eye, Visions, ComboWire, SmartMap, SmartWire and FloWire.
The company's stock is listed on the Nasdaq National Market under the symbol "VOLC." It closed at $19.44 on Nov. 13.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.