Neoforma.com, Inc.
This article was originally published in The Gray Sheet
Executive Summary
Business-to-business e-commerce medical device marketer goes public via $91 mil. initial public offering of 7 mil. shares at $13 each. Completed on Jan. 24, the IPO was priced higher than the $8-10 per share originally anticipated (1"The Gray Sheet" Nov. 1, p. 10). Enabling users to "efficiently" and "cost-effectively" buy and sell new and used medical products online, the Santa Clara-based Internet firm's stock trades on the Nasdaq exchange under the symbol "NEOF." Proceeds from the IPO will be used "primarily for general corporate purposes, including sales and marketing, product development and working capital," the firm says. Underwriters Merrill Lynch, Bear Stearns, Robertson Stephens and William Blair have an overallotment option for approximately 1.1 mil. additional shares