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Foundation Medicine prices upsized IPO at $18, above the range

Posted
9/25/2013 9:11:00 AM
By: Renaissance Capital
Referenced Stocks:FMI

Foundation Medicine, which offers diagnostic cancer analyses that provide patient specific data for physicians, raised $106 million by offering 5.9 million shares (up from an expected 5.0 million) at $18, above the range of $14 to $16. Foundation Medicine plans to list on the NASDAQ under the symbol FMI. Foundation Medicine initially filed confidentially on 6/24/2013. Goldman Sachs and J.P. Morgan acted as lead managers on the deal.