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Biocept prices IPO at $10, the low end of the range

Posted
2/5/2014 8:50:00 AM
By: Renaissance Capital
Referenced Stocks:BIOC

Biocept, which develops and markets cancer diagnostic tests, raised $19 million by offering 1.9 million shares at $10, the low end of the range of $10 to $12. The company had originally filed to offer 1.8 million shares. At the IPO price, the company commands a market cap of $48 million, which is below our market cap requirement of $50 million. As such, the deal has been excluded from our IPO stats. Biocept plans to list on the NASDAQ under the symbol BIOC. Aegis Capital acted as the lead manager on the deal.