BioCentury
ARTICLE | Financial News

NanoString raises $54 million in IPO

June 27, 2013 12:45 AM UTC

Shares of diagnostics company NanoString Technologies Inc. (NASDAQ:NSTG) slid $1.94 (19%) to $8.06 in the company's first day of trading on Wednesday. NanoString raised $54 million through the sale of its proposed 5.4 million shares at $10 in an IPO. The price -- below the company's proposed $13-$15 range -- values NanoString at $145.9 million. The company filed to raise up to $86.3 million in the offering in May. JPMorgan; Morgan Stanley; Leerink; and Baird were underwriters. ...